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 ?
c) Divestments, Re-organizations and Discontinued Operations: Costs associated with agreement to terminate development of Women's Health products with Duramed ($65.
Jens's past positions have given him significant experience developing and leading changes on both a strategic and operational level, as well as managing re-organizations and reducing operational costs.
The KALIDO software rapidly adapts to major business changes, such as mergers, acquisitions or re-organizations, without requiring re-architecting of the system.
Luth has served in key executive or advisory positions involving the successful re-organizations of America West Airlines, Air Canada and US Airways, as well as Continental Airlines, where he served as chief financial officer.
This significant increase of responsibility reflects the dramatic rise in re-organizations and downsizings in 2000.
Marlin also has experience in Mergers & Acquisitions, Reverse Merger transactions, and re-organizations.
Hald grew MicroAge from a small computer hobby shop in 1976 to a Fortune 500 IT services company, transitioning the company from start-up through, hard times, re-organizations, strategy shifts, explosive growth and new ventures.
Company listings include every major trading house, refiners and oil companies like BPAmoco, ExxonMobil, ShellTexaco, and the massive executive personnel and corporate office re-organizations that have taken place due to the mega mergers.
This design enables global organizations to better analyze their business-critical data and evaluate costs and revenue regardless of geographical locations or major business changes such as re-organizations and mergers/acquisitions.
This forward-looking information is based upon a number of assumptions including assumptions regarding global economic, passenger and freight growth; successful negotiation of contracts with the Company's labor unions; current and future markets for the Company's products and services; demand for the Company's products and services; performance of internal plans, including, without limitation, plans for productivity gains, reductions in cycle time and improvements in design processes, production processes, program performance, benefits from re-organizations, and asset utilization; product performance; customer financing; customer, supplier and subcontractor performance; customer model selections; favorable outcomes of certain pending sales campaigns and U.
MIMIX DB2 Replicator for AS/400 - maintains exact copies of a DB2/400 database - MIMIX Object Replicator for AS/400 - maintains duplicate images of critical AS/400 objects - MIMIX Monitor - a monitoring interface with automatic failover switch capability - MIMIX Promoter - enables multi-system on-line file promotions and re-organizations with virtually no downtime
The Company's decision to re-enter the health care industry was based upon several reasons: Medicare shakeout coming to an end, the implementation of the Prospective Payment System, an opportunity to take advantage of the Management Team's expertise in health care, technology and re-organizations, and the opportunities that currently exist within the industry.