Situations that call for restructuring Learn more at lostnomad.org
Excessive debt or over-indebtedness
Whatever your debt ratio and whether your debtor over-indebtedness is active (arising from reckless spending) or passive (resulting from accident or divorce – type unforeseen events), a restructuring is often possible. By reducing your monthly payments, this measure allows you to cope with your debt or over-indebtedness: you pay your debts gradually while maintaining your standard of living, which can help you, in the long term, to increase your purchasing power, you build savings, finance a particular project. Restructuring is also useful for correcting a bad debt (use of unsuitable threatening you with over-indebtedness).
Restructuring of redemption of overindebtedness helps you avoid going over an over-indebtedness commission, which would seek to solve your over-indebtedness but you would register on a file of the Bank of France, prohibit you to take out new loans and you would withdraw your bank card for over-indebtedness, or even liquidate your property following over-indebtedness.
Creating savings to avoid over-indebtedness
Without being overindebted, you may need restructuring if you make savings. However, it is prudent to set one up when you anticipate a fall in income (retirement, sickness, large one-time expenses, etc.). Thanks to the restructuring of repurchase of overindebtedness which decreases your monthly payments, you make this saving without reducing your purchasing power.
A desire to increase your purchasing power without falling into over-indebtedness
Because you want to increase your purchasing power, restructuring concerns you even without the threat of over-indebtedness. It is common for relatively affluent households to be frustrated by the low purchasing power of a tight budget. By reducing your monthly payments, restructuring frees up your purchasing power.
A desire to finance a project avoiding over-indebtedness
In addition to over-indebtedness, the need to build up savings or increase purchasing power, the reason why households have to resort to restructuring is the desire to finance a project. It can be a housing improvement plan (pool, veranda …), the acquisition of expensive property, the provision of help to the family … Thanks to the sum released each month, you can finance an important project for you.
The public concerned
Responding to all these needs, the restructuring reaches a wide audience: young people wishing to release their purchasing power of loan repayments, pensioners subscribing to a supplementary pension, employees of the private sector constituting savings in the event of dismissal, officials wishing to increase their purchasing power, executives investing in the rental, employees acquiring on their behalf, singles facing rent alone, couples making savings because the family is growing …