Te case describes the situation ICOBANDAS S. A., a Colombian Company, founded in 1973, producer and seller of transporting and transmission bands, the company is well known for the excellent quality of their products and technical assistance, raising good recognition and participation in the domestic and Latin America market, the firm is suffers by various factors in the nineties, takes a great pushing it to a signing of an agreement Corporate Restructuring, as a unique alternative. For analysts, an agreement Restructuring (Law 550/99) not be the salvation of any organization if not combined with different management tools, the case leaves the reader the task of conducting a comprehensive analysis (macroeconomic, financial, administrative, logistical, human capital, among others) to raise the strategy leading to submit a solution that minimizes the risk and benefits stake holders.