A restructuring plan is a formalised programme approved by creditors and/or courts setting out the measures to restore a distressed company's financial viability — scheduled debt repayments, asset disposals, operational changes and governance improvements. In French law (Plan de sauvegarde, Plan de redressement), plans are approved by the commercial court and typically span 10 years for debt repayment. In Switzerland, restructuring plans operate primarily through consensual creditor arrangements. In Distressed M&A, evaluating the feasibility of a proposed restructuring plan is the buyer's primary analytical task.

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Example: a French manufacturing company's restructuring plan provides for: full repayment of priority creditors (CHF 1.8 million), staggered repayment of unsecured creditors at 18% over 10 years (CHF 3.4 million × 18% = CHF 612,000), and a CHF 2.5 million equity injection from the Swiss parent. Hectelion validates the plan's financial projections — confirming that DSCR remains above 1.20x in the downside scenario and that the plan is achievable without further credit support.

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Hectelion validates restructuring plan financial projections and advises on their creditor presentation for both French and Swiss distressed situations.