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The debt restructuring process typically involves getting lenders to agree to reduce the interest rates on loans, extend the dates when the company's liabilities are due to be paid, or both. These steps improve the company's chances of paying back its obligations and staying in business.

There are a variety of loan restructuring guidelines, including: Reduction in the repayment period, which is frequently prolonged. Changes in the amount that borrower must repay. Changes in the previously agreed-upon number of instalments. A modification in the previously charged interest rate. Additional loan provisions.

For the most part, banks seek to work fairly and sympathetically with customers who encounter problems in meeting their debt. It may be possible to restructure your bank loans to allow you to meet them based on your current circumstances. This should put you in a stronger position to service the debt.

A modification is a troubled debt restructuring (TDR) if (1) the borrower is experiencing financial difficulty, and (2) the lender grants the borrower a concession.

The Connecticut minimum tax base (or apportioned Connecticut minimum tax base for multistate corporations) is taxed at a rate of 3.1 mils ($0.0031) per dollar. The minimum tax cannot be more than $1,000,000 or less than $250. 30% of prior year's tax or 27% of current year's tax.

Financial services companies are subject to the capital base tax at the $250 minimum amount, are not included in the CT unitary group's capital base calculation, and are not included when calculating the capital base apportionment.