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I don’t see why wouldn’t be what’s on your mind? The only issue I would foresee would be if you get debt for a business. Instead go for equity partnerships that can be bought out if credit is needed
I mean you’re not making debt related decisions you goal is to get them out of debt or restructure it. If that’s the case I don’t see the issue but I would confirm with a Scholar since I’m not one. Typically if you’re not making issuing new debt decisionsthen it should be fine. But there has to be a progressive approach to wean companies off of debt and in that sense I would say you’re doing the work of the righteous.
I don't see why it would not be halal.