From www.salea.com.au: Effective lender negotiations can significantly aid businesses facing financial distress by allowing them to restructure debt terms to ensure continued operations.

Restructuring practitioners, who specialise in financial recovery and corporate restructuring, play a vital role in these negotiations by advocating for favourable loan modifications and advising businesses through financial challenges.

Engaging these experts early can prevent the need for more formal insolvency procedures, enhancing the potential for business recovery.