Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,589,129,701 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Plan for Reorganization

   Also found in: Legal 0.01 sec.
Plan for reorganization
A plan for reorganizing a firm during the Chapter 11 bankruptcy process.

Reorganization Plan
In chapter 11 bankruptcy, a plan filed with bankruptcy court describing the process of how an insolvent company will change structurally to help it pay its debts and stay in business. This plan is subject to court oversight to ensure enforcement. Depending upon the specific plan, a company's original owner or managers may maintain control. Other times, the company's creditors become the new owners of the business; this especially happens when one or more creditors have had their debt completely discharged. Changes also must occur structurally, perhaps in risk management or marketing or perhaps in something more fundamental, to ensure that the bankruptcy does not repeat itself.


How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Feedback
Add definition
Mentioned in?  References in periodicals archive?   Financial browser?   Full browser?
 
Cleveland, OH, has announced that it has filed its Plan for Reorganization and Disclosure Statement with the United States Bankruptcy Court the for the District of New Jersey.
s plan for reorganization has been approved by the court, paving the way for the company to come out of bankruptcy as an insurance-only operation.
According to a report in the city's Times-Picayune, Dixie's plan for reorganization was approved by all of the brewer's creditors except those under unsecured status, who will not receive any of the $6 million the company owes.
 
 
 
Financial Dictionary
?

Terms of Use | Privacy policy | Feedback | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.