Turnaround Restructuring is the focused on debt
The strategy in which a borrower negotiates with a lender to attempt to restructure the borrower’s debt rather than go through the foreclosure proceedings.

(1) the balance sheet,
(2) the current cash-generating capability of the enterprise and/or its constituent parts,
(3) valuation of the company
(4) its debt-carrying capacity

A turnaround management focuses on
(1) the cash flow (and profit & loss) statement,
(2) operational effectiveness of the enterprise’s management, systems, procedures, pricing, purchasing, production and market strategy,
(3) segmented profit contribution by element (division/facility/ product line/product),
(4) redundant or underutilized assets,
(5) the “depth-of-distress,”
(6) the window of time remaining before funds are exhausted