Our experienced team for more than 35 years in the banking sector in Bahrain and other countries are handling and have solved a number of Debts rescheduling. Debt can be rescheduled after refers to restructuring terms of an existing loan. The debt can be rescheduled as follows:
Benefits:
For lenders, a debt rescheduling represents a better option than default since you will keep on receiving monthly repayments. For borrowers, it is an alternative to late fees and reputational harm.
New loan that replaces the outstanding balance on an older loan, and is paid over a longer period, usually with a lower installment amount. Loans are commonly rescheduled to accommodate a borrower in financial difficulty and, thus, to avoid a default. Also called restructured loan.