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 ?
Moreover, in 2011 the Air Force budget director announced a reorganizational proposal to consolidate four air and space operations centers and, more importantly, three NAFs.
Professor Fontana argues that originalism thrives where a constitution is revolutionary, as opposed to reorganizational.
This decision was accompanied by some administrative reorganizational decisions, such as having large classrooms, furnishing the classrooms, providing the required materials, and disseminating some slogans about the new system.
The capacity of the brain to reverse reorganizational changes is all the more striking in light of the fact that his brain was fully mature when the amputation occurred," Frey says.
Benefits to the shippers are more subtle and complex and are considered "second-order" or reorganizational benefits.
Reorganizational processes in lexical and syntactic development.
This new awareness puts a premium on flexibility and reorganizational potential because of the rapid changes in tel-data and information retrieval systems.
Could our studies have diverted attention from the crucial areas which could enable overall firm success resulting from reorganizational events?
However, Fiberweb has already initiated reorganizational and productivity projects including the relocation of lines from Toronto to Mexico and Berlin as well as the closure of four older lines in the U.
Recovery of function depends in part on the postinjury experience, and plasticity or reorganizational potential may be enhanced by activity.
Last month Merck announced 7,000 job cuts and plans to sell or close five plants while warning that the reductions represented only the beginning of a reorganizational plan by the world's fifth-largest pharmaceutical firm.
He said that helping the group through its reorganizational change and the renewal of its affiliation agreement with APSP were significant achievements.