When credit card debt feels unmanageable, some borrowers look for ways to change the terms — but is that possible?

Houlihan Lokey led the way in addressing one of the world’s biggest debt restructuring issues: the workout of China’s real estate companies, the vast majority of which have been unable to raise fresh ...

Sovereign debt restructurings can have large impacts on trade, with a significant compression of imports and a more ambiguous effect on exports. We show that the magnitude of that impact depends on ...