“restructuring”
This page presents an official legal definition of “restructuring” from a government source. Additional definitions will be added as jurisdictions publish them.
Canada
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Under the Advisory Guidelines, the trading-off of amount against duration to restructure the outcomes generated by the formulas. Restructuring may be used in one of three ways: (1) to increase the amount of spousal support and shorten duration; (2) to extend duration and reduce the monthly amount; or (3) to formulate a lump sum by multiplying amount by duration. In restructuring, the global amount of support remains the same. (See also global amount and lump sum spousal support.)
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