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 ?
The Houthis are attempting to re-organize things, and bring everything under the supervision of the government," he said.
While Kidd was instrumental in the turn-around of the team, the Brooklyn Nets have to make do with the assets left behind in the deal and re-organize the structure according to the potential coach.
He added that Da'ish formations tried to re-organize their forces around Baghdad to minimize the pressure and losses in Anbar province and other places.
Place some fresh flowers on your desk or re-organize your workspace.
Companies continue to re-organize supply chains in their efforts to move manufacturing on-shore," he added.
The objective for the off-season will be to re-organize its management and be a stronger organization starting in the 2014-2015 season, according to a recent press release.
The truce proposal was also seen as an attempt by al-Qaida to play for time and re-organize its ranks after taking heavy blows from Yemen's military, backed by the US.
According to the sources, such a fait accompli would allow Hezbollah chief Sayyed Hasan Nasrallah to renew his call for a "constituent assembly" to re-organize Lebanon's polity.
It seems like the American right is trying to re-organize its ranks after Mitt Romney's loss to Barack Obama, and the eclipse of the stars of the Tea Party of political adolescents, such as DeMint.
The walkouts are a public airing of staff complaints that have been building for years, with tensions rising dramatically in recent weeks as Amnesty's international operations prepare to re-organize, AP reported.
Another topic on the front page reported on news that Israel had arrested some 30 Hamas activists in the Ramallah area during the past months, which Israel claimed were part of an underground group planning to re-organize and strengthen Hamas presence in the West Bank.
It is historically rooted in the banana conflict known as La Violencia, which was triggered by the 1948 assassination of populist political leader Jorge Eliecer Gaitan, and in the aftermath of United States-backed military attacks on peasant communities in rural Colombia in the 1960s that led Liberal and Communist militants to re-organize into FARC.