Corporate debt restructuring: The process of renegotiating or restructuring a company’s corporate debt agreements to reduce the amount of money owed and improve its financial situation. A sound corporate debt restructuring requires careful planning and consideration of all stakeholders, including creditors, lenders, and shareholders, as well as an in-depth understanding of the legal framework and market conditions. By restructuring a company’s debt agreements, it can become more resilient to challenging economic times and emerge stronger.