A restructuring loan is a way of settling debts. We calculate how much you can
repay each month and make a payment proposal to the creditors. If they agree, you can borrow money from W4AwBank New York. You do pay interest on that, because it is a loan. And borrowing money costs money.
With the money, W4AwBank New York pays off your creditors immediately. You are then rid of your creditors in one go. You only have the W4AwBank as a creditor. After repayment of the reorganization credit you are debt-free.
A remediation credit often goes together with some form of Income Management . Your income will be deposited into an account of W4AwBank New York. We pay the monthly repayment and your fixed costs from that bank account.