Debt Reduction Planning
What is it?
Debt restructuring is a procedure that lets a private/ public businesses, or an independent body facing cash flow complications and fiscal misery to decrease and renegotiate its felonious debts so as to recover or bring back liquidity to carry on its processes
Approach
Debt conveys the duty to pay back. Everybody recognizes that a perfect portfolio should be without debt or at least debt. Today it won't be tough to get money as a debt, but paying back is the challenge. There are chances for the emergence of these types of questions- how to make minimum debt, which debt has to be cleared first? What is the impact of high paying /less paying debt for my portfolio? Answer for these questions will be given in debt restructuring or debt reduction planning. We will assist you for Personal debt restructuring/Debt reduction planning.
Tips
- Be specific on debt , don't fall in debt trap
- Differentiate productive and unproductive debt
- Be specific on the repayment terms
- Know taxation on your debt