Debtors in technical default may be required to reclassify long-term debt as short-term debt unless the creditor waives or loses the right to demand payment.

Name: Debtors in technical default may be required to reclassify long-term debt as short-term debt unless the creditor waives or loses the right to demand payment.
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If a debtor is in technical default, the creditor may demand immediate repayment, which can necessitate reclassifying the debt as short-term unless the creditor waives this right.

Debtors in Technical Default May Be Required to Reclassify Long-Term