There are several reasons why a company might need to undergo financial restructuring: - Financial Distress: When a company is unable to meet its financial obligations, restructuring can help avoid bankruptcy and ensure survival. - Operational Efficiency: Restructuring can lead to cost reductions and improved operational efficiency. - Market Changes: Adaptation to market conditions or changes in industry dynamics. - Mergers and Acquisitions: To streamline and integrate the financial structures of merged or acquired companies.