This process of corporate debt restructuring or outright liquidation may take years.

这一企业债务重组或全部清偿的过程或许要历时数年。

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Or it could imply a debt restructuring.

或者也可以进行债务重组。

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Under a sovereign CDS, a claim depends on a "credit event", which is defined broadly as a failure to pay interest, a moratorium on principal repayments or a restructuring of the debt.

在主权信用违约掉期中，赔偿费取决于“信用事件”，这明显比不能支付利息，拖延支付本金或是债务重组要广义得多。

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"They're clearly concerned with what restructuring or what type of debt renegotiation, will mean for them and their companies."

VOA: standard.2009.12.02

In Syracuse a number of projects touted as economic development subsequently have required bailouts, reworking, further tax abatements or debt restructuring--even, embarrassingly enough, the headquarters building of the Greater Syracuse Chamber of Commerce.

FORBES: Magazine Article

It refused to countenance a default by Greece, or even debt restructuring, for fear of market contagion.

ECONOMIST: Charlemagne: The driver and the passenger | The

Will investors have to chip in with debt restructuring or even bond defaults?

FORBES: Who's The AIG In This Financial Greek Tragedy?