The implementation of financial restructuring involves several steps:
1. Assessment: Conduct a thorough analysis of the company's current financial situation. 2. Planning: Develop a strategic plan that outlines the steps necessary for restructuring. 3. Negotiation: Engage with creditors, investors, and other stakeholders to negotiate terms. 4. Implementation: Execute the plan by modifying debt agreements, restructuring equity, and changing operational processes. 5. Monitoring: Continually monitor the financial health of the company to ensure the restructuring is effective.