Reorganization

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Reorganization

Creation of a plan to restructure a debtor's business and restore its financial health.

Reorganization

The act or process of changing the terms on the assets and/or liabilities of a company. That is, a company may consolidate its debts, significantly change the size and scope of its operations, and take other measures to reduce the strain of continuing operations. Most companies reorganize either as part of a bankruptcy or as an effort to avoid it. If the company is reorganizing as part of a corporate bankruptcy, it is said to be in receivership.

reorganization

The restatement of assets to current market value along with a restructuring of liabilities and equity to reflect the reduction in asset values and negotiations with creditors. Reorganization is used as an attempt to keep a financially troubled or bankrupt firm viable. See also Chapter 11.
References in periodicals archive ?
In September, we completed our 9-month comprehensive re-org plan, and during the last three months, we have closed approximately $17 million in new deals on the commercial side.
Building upon the firm's extensive post-bankruptcy research expertise, Jefferies is launching the Jefferies Re-Org Index(SM).
Whether you need to forecast the effect of a merger or re-org, analyze departmental budgets, chart out all your contractors or look up someone's title or phone extension, OrgPublisher delivers visual reports and charts across the intranet.