Reorganization

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Related to Re-Organization: Corporate Reorganization

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 ?
We are very pleased to be in a position to execute the stock re-organization and significantly increase the value of our PPS and market cap moving forward into 2011," said Michael Pagnano, CEO Heathrow Natural Food & Beverage, Inc.
There were no amendments to any of these agreements, nor were any conditions precedent unfulfilled; it was simply a requirement (and a courtesy) that the Company's Directors obtained the consent of all parties; in writing, prior to filing of any documentation in respect of this re-organization.
It is in the company's best interest to voluntarily stop trading for a short period of time during this re-organization, pulling all shares from the market, and to re-issue the 5% PAIM back into the market.
Leader of the House Syed Nayyar Hussain Bukhari moved the bill to provide for re-organization and conversion of the Industrial Development Bank of Pakistan into a public limited company [The Industrial Development Bank of Pakistan (Reorganization and Conversion) Bill, 2010].
4 billion in annual labor cost reductions the airline is seeking as part of its re-organization.
Arco negotiated a 15-year lease for approximately 90,000 squre feet on three floors of the five-story Main Street building as part of a bankruptcy re-organization of Grand Central Stores, Inc.
Since a re-organization of the one hundred year old family partnership in 2001, the firm's sales have grown exponentially with the number of properties being sold through its modern on-location auctions doubling each of the last four years.
Anthony Mukwita as part of the re-organization of the management team of the company the Board has embarked on.
PPP Punjab is now re-energizing the party and Bilawal Bhutto Zardari would be given a party of Zulfiqar Bhutto and Benazir Bhutto's era as party has completed re-organization in many divisions across the province and process of re-organization in remaining part of the province will be completed within week," mentioned Watto.
KARACHI, December 15, 2010 (Balochistan Times): Muttahida Qaumi Movement (MQM), Rabita Committee has announced the re-organization of the Naseerabad Zone, Balochistan .
The board will not continue to search for a new CEO at this point of time, but will complete the announced re-organization of the company with Mr.
The re-organization of our division reinforces our commitment to be the premier domestic-based food and agribusiness bank in the United States," said Elizabeth Hund, senior vice president and division manager of U.