Meanings of rework debt in English

Neiman reached a deal last year with creditors to rework debt and avoid a bankruptcy filing, gaining more financial breathing room.

The retailer is also considering asking creditors for breathing room through transactions that would rework debt outside of bankruptcy court proceedings, the sources added.

Macy's has called in Lazard bankers who specialize in finding ways to recapitalize financially troubled companies and rework debts, the sources said.