Before incurring the costs and time of a formal bankruptcy, highly skilled and experienced restructuring attorneys will often successfully negotiate workouts that reorganize a company’s debt obligations out of court so that debtors can continue to operate without having their assets seized or the stigma of a bankruptcy filing in the public record. Creditors will benefit from having payment plans and schedule that the debtor can realistically satisfy, as opposed to the alternative of bankruptcy that may yield pennies on the dollar.