
Debt Restructuring Simulation
Students clash while negotiating an agreement on behalf of creditors and equity owners of a financially distressed company.

Simulation Overview
The Debt Restructuring simulation is an incredibly intense simulation built by experienced corporate financiers. It is profoundly competitive.
It dramatizes why companies must exercise caution with debt and what truly occurs when a company faces financial challenges.
This multiplayer simulation emphasizes critical thinking through analysis, strategy, and deal closure. Students are assessed based on the results they achieve, with each role having specific objectives in the simulation.












Key Features
Duration
2 hours
Ideal for
Undergraduate and postgraduate students
Pre-requisites
Basic understanding of Debt & Equity
Approach
Adaptive learning by doing in a competitive team setting
Grading
Simulator provides assessment data to grade students
Instructions
Explained by videos, case studies, pop-up windows
Real-time feedback and scores
Provided by simulator
Facilitator
Simulator runs by itself (coaching is optional)
Clocks, rules and validation
Managed by the simulator
Location
Online, in-classroom or hybrid
Overview: Debt Restructuring
- Understand what happens if a company isn't doing well - Participants experience the clash between creditors and equity owners - Learn the intricacies of capital structures
50 seconds
Pricing
Per participant, valid for 50+ students
| Currency | DIY | Primed | Guided | Facilitated |
|---|---|---|---|---|
| USD | USD 19 | USD 33 | USD 46 | USD 59 |
| EUR | EUR 17 | EUR 29 | EUR 39 | EUR 52 |
| GBP | GBP 15 | GBP 25 | GBP 35 | GBP 45 |
Need to apply for internal funding approval?
Show Business CaseCreators of the Debt Restructuring Simulation
The following industry professionals were involved from the beginning in the inception, creation, development, testing, and optimization of the simulation.
Former Corporate Finance Practice Specialist, McKinsey, Gerhard Kling.
Senior M&A Investment Banker, Morgan Stanley, Bharat Venugopal.
Managed non-performing loans, Morgan Stanley and HPS Investment Partners, Gerhard Wortche.
Leveraged Finance specialist, Morgan Stanley, SMBC, and Citi, Georgi Naydenov.
Seasoned finance experience, UBS, Morgan Stanley and Deutsche Bank, Andrey Simonov.
Facilitator Resources
Concepts
- Debt vs. Equity Financing
- Financial Distress
- Bankruptcy
- Legal Considerations
Outcomes
- Understand the underlying difference between debt and equity in the face of financial challenges
- Understand financial distress and the perspectives / incentives of creditors, management and equity owners
- Identify the key players in a restructuring, including vulture/distressed asset investors
- Definition and indicators of financial distress
- Detect an unsustainable capital structure
- Discuss creditors' and equity owners' rights during a restructuring and bankruptcy
- Evaluate the options available to lenders and investors when signs of credit deterioration become apparent
- Understand legal and regulatory frameworks related to financial distress
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Book a Demo
Join this 20-minute webinar, followed by a Q&A session, to immerse yourself in the simulation.