Corporate financial restructuring is any significant alterations in an organisation's financial structure, or ownership or control, or business portfolio, planned to scale up the value of the establishment. There are various reasons (financial & non-financial) that may trigger the need for financial restructuring. Case in point: Insolvency. Conversion of debt into equity (aka 'swap) between the company and the lenders, under which the debt components of the company are converted into equity of the business, is a type of financial restructuring arrangement.