Rescheduling of Debt

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Rescheduling of Debt

The extension of the repayment period of a loan. Rescheduled loans are most common when the borrower informs the lender that he/she will be unable to repay the loan in time, or when the borrower cannot afford payments. Because a default would hurt both the borrower and the lender, the lender often works with the borrower through options, such as rescheduling the repayment.
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Its creditors have agreed to reschedule debts totaling some $10 billion since the Asian economic crisis hit in 1997.
Creditors agreed to reschedule debt to avoid loss of principal through default on one hand and subside the debt burden of the country on the other hand.
''But anytime we speak, we receive hints the IMF will not agree to reschedule our loans.
The first response of international commercial banks to the debt crisis in 1982 was to reschedule the current debt of LDCs.
We went through the usual attempts to reschedule the appointment.
"We are pleased to announce that working with the venue, we are able to reschedule the concert to Tuesday 16th July 2019."
said the reason to reschedule the tournament was to assure participation of all the teams in the extravaganza.
No date has been set for the outing but Yousuf Mohammad Rasool Al Khoury, Vice-President of the executive office of the Pro League Committee (PLC), explained that the PLC received a request from promoters Presentation Sports to reschedule the match to January 2018.
ISLAMABAD -- Pakistan International Airlines (PIA) has announced to reschedule its flight operations to and from Benazir Bhutto International Airport Islamabad for next two Mondays (May 23, May 30).
Hanjin Shipping will hold a meeting of its bond holders Thursday to ask them to reschedule its debt.
A university spokeswoman said: "Bangor University had to reschedule a law exam for 224 students after two pigeons entered the exam hall.
Banks have agreed to reschedule debt of 32 red sea resorts in 2013.