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 the meantime, Aoun called for the creation of a committee for re-organizing the FPM by the end of 2009.
lt;p>For telecom and IT managers of companies in the throes of a reorganization, unraveling and re-organizing relationships with wireless providers to fit a company's new circumstances can not only be a source of unplanned costs and headaches, it can also prove to be a logistical nightmare.
the story of capital organizing and re-organizing itself lies at the core of urban history.
To recruit more and more young people over a period of time when fewer and fewer were qualified for military service, and to do so while images of violence and news of casualties filled the TV screens of parents, teachers, and other influencers; To re-orient the thinking, assumptions, and skill sets of a force designed for high-tech sprints towards the capabilities needed to succeed also in grinding asymmetric marathons--the wars we are in and are most likely to see in the coming years; and To do all this while re-organizing the force in the middle of two major ground wars with an Active Army about one-third the size it was when Scott first entered the service.
Here at home, WILPF's National Middle East committee is re-organizing and continues to focus on U.
In fact, on the heels of the 2005 transformation, N4 is transforming and re-organizing again.
They have been re-organizing their operations in order to target the mega-projects in the region related to the oil and gas industry, like offshore rigs and platforms and onshore power plants and refineries.
We held our re-organizing meeting on November 11, 2006 and those in attendance voted in the following officers: Rosemary Witt--Secretary, Sue Witt--Treasurer, Laura Carver--Communications Liaison, and Nancy Menzel--President-Elect.
The parliamentary business left outstanding includes legislation to ensure British Columbia's compliance with the provisions of the Trade, Investment and Labour Mobility Agreement between British Columbia and Alberta (TILMA); a bill to protect consumers from abusive lending practices and limiting fees and interest rates charged by the payday loan industry; and legislation re-organizing the transportation governance structure within Greater Vancouver and the Fraser Valley.
The Canadian Oral History Association is re-organizing itself.
Then they believed: It didn't take people long to see that re-organizing the central staff, using money differently, changing the schedules at the middle and high schools and focusing on early literacy were all ways Durham was going to up its test scores, for real.
Some have gone through numerous editions, but, typically changes involve only slight modifications and re-organizing material.