Reorganization

(redirected from Re-Organization)
Also found in: Dictionary, Thesaurus, Legal.
Related to Re-Organization: Corporate Reorganization

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 ?
We are very pleased to be in a position to execute the stock re-organization and significantly increase the value of our PPS and market cap moving forward into 2011," said Michael Pagnano, CEO Heathrow Natural Food & Beverage, Inc.
Members of PPP Coordination Committee South Punjab Syed Yousif Raza Gillani, Makhdoom Ahmed Mahmood, Shoukat Basra, Toochi Khan and Nawazish Ali Pirzada briefed the Chairman PPP about the party re-organization process so far in South Punjab and said that the
This maximizes flexibility and minimizes the time required to re-shuffle space after re-organization, growth or downsizing.
Since a re-organization of the one hundred year old family partnership in 2001, the firm's sales have grown exponentially with the number of properties being sold through its modern on-location auctions doubling each of the last four years.
KARACHI -- Chairman Pakistan Peoples Bilawal Bhutto Zardari asked the PPP Coordination Committee South Punjab to complete the party re-organization process as soon as possible with recommendations of all level of party workers.
PESHAWAR -- Khyber Pakhtunkhwa chapter of Pakistan Peoples Party (PPP) has expressed grave reservations over growing communication gap between workers and central leadership as they demanded re-organization and intra-party elections in the province.
Those alone have not been sufficient to secure competitiveness and we have to turn to re-organization and outsourcing to address the issue and to secure the future of the mill, he continues.
Arco negotiated a 15-year lease for approximately 90,000 squre feet on three floors of the five-story Main Street building as part of a bankruptcy re-organization of Grand Central Stores, Inc.
The re-organization of our division reinforces our commitment to be the premier domestic-based food and agribusiness bank in the United States," said Elizabeth Hund, senior vice president and division manager of U.
Senator Usman Khan Kakar on behalf of Chairman Standing Committee on Commerce Syed Shibli Faraz presented the committee report on the bill to provide for the re-organization of the State Life Insurance Corporation into a public limited company [The State Life Insurance Corporation (Re-organization and Conversion) Bill, 2016] in the House while Chairman Standing Committee on National Food Security and Research Syed Muzafar Hussain Shah laid report on conversion of 1400 acres of land of NARC/Pakistan Agriculture Research Council (PARC) by the Capital Development Authority.
3kv/440volt transformer along with its allied work and re-organization of existing l.
This step is in line with the re-organization program of Comstar UTS, which was announced in October of 2006".