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 ?
New York), as well completing a corporate re-organization that resulted in an additional C$7 million in non-diluting funds.
NEW YORK -- Morgan Stanley (NYSE: MWD) announced today that its board of directors met yesterday and unanimously concluded that suggestions for management changes or a corporate re-organization beyond the proposed spin off of its Discover Card business would not be in the best interest of shareholders.
Concurrent with the re-organization of its operations, eNGENUITY Technologies will proceed with a corporate re-organization.

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