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By restructuring its finances, a company makes significant modifications to its debt, legal, ownership or operational structures with the aim of improving the business and its profits. The process includes: (1) Ensuring that the company is liquid during the restructuring; (2) Forecasting accurate working capitals; (3) Having clean open lines of communication with creditors; and (4) Updating detailed plans.

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Q: How does a company restructure its finances?
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