A method and system for restructuring debt are disclosed. The method restructures debt by transferring ownership of defined debt packages from debt holders to third-party debt buyers who function as financial bridges between the debtors and the debt holders. The method accelerates the debt resolution process by executing the debt-restructure agreement early in the debt resolution period, thereby eliminating the need for the debtor to accumulate debt settlement funds in an escrow fund prior to the initiation of settlement negotiations (as is the case in debt settlement), and erasing delinquent debt as soon as the debt-restructure agreement is executed. The method is designed and adapted to execution on a computer network system.