skuldaráætlun

Skuldaráætlun is an Icelandic term that describes a formal plan to repay outstanding debts over a defined period. It is used in contexts such as personal insolvency, corporate debt restructuring, and, less commonly, government or public debt management. The core purpose is to provide a realistic and sustainable route to solvency by organizing payments to creditors in a structured schedule, while aiming to prevent liquidation or bankruptcy for the debtor.

A skuldaráætlun typically includes a detailed repayment schedule, amounts to be paid, interest and fees, maturities, and any changes to terms such as extensions, reductions, or conversion of debt. It may also specify conditions for forbearance, monitoring mechanisms, reporting requirements, and the role of intermediaries such as trustees, administrators, or financial advisors. The plan is usually the product of negotiations between the debtor and its creditors and, depending on the jurisdiction, may require approval from a court or regulatory authority.

Outcomes vary with the plan’s success in restoring cash flow and solvency. Possible results include extended payment terms, reduced or restructured debt, interest rate adjustments, or, in some cases, partial debt forgiveness or equity conversion. The effectiveness of a skuldaráætlun depends on factors such as the debtor’s ongoing earnings or revenue, the willingness of creditors to accept modified terms, and broader economic conditions. It is one tool among insolvency and debt-management options available to restore financial stability while balancing creditors’ recoveries.