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what were going to be looking at here is debt restructuring but a modification of terms of a loan and for example were going to be looking at where we have a gain to the debtor here in a loss to our on the creditor on this loan and were going to be calculating and recording these gains and losses here by the debtor and by the creditor here so for our example here on 1231 20 X 1 Bank B enters into a debt restructuring agreement here with corporation a now corporation is experiencing financial difficulties here and theyre not going to be able to pay Bank B here on a note thats payable to bank B here so what Bank B is going to do is theyre going to restructure a 1 million dollar loan receivable here from corporation a here and it was issued at par in the interest is paid up to date so were not gonna have to worry about the interest in this example and the note is restructured by and these are the four points that for the restructuring of this note or this loan and these would be t
