Reorganization

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Related to Re-Organization: Corporate Reorganization

Reorganization

Creation of a plan to restructure a debtor's business and restore its financial health.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
According to the airline, the contract is the first long-term labour cost restructuring agreement ratified by one of its seven unions that provides the total contribution from a work group toward the USD1.4bn in annual labour cost reductions the airline is seeking as part of its re-organization.
Small business can proper in the face of Wal-Mart, but it'll take business savvy and re-organization: that's the message of UP AGAINST THE WAL-MARTS: HOW YOUR BUSINESS CAN PROSPER IN THE SHADOW OF THE RETAIL GIANTS.
If necessary Larox would start new negotiations on 6 September 2005 at the latest, regarding possible lay-offs of workers and training and re-organization of staff based on production reasons.
On October 4, 2004, Premier Pat Binns announced the re-organization of two government departments.
The town hall has for long been little used for its original purpose, as local government re-organization has moved decision-making and administration to a larger regional headquarters serving a much wider community.
CUPE had argued that a re-organization scheme should be dealt with separately from contract negotiations.
The re-organization has not been publicized, but government officials confirmed the move to The Art Newspaper at a ceremony in late November at the offices of the newly named Immigration and Customs Enforcement department.
Caption: The Boston Beer Company announced a national sales re-organization with the promotion of two top sales executives.
The periodic physical re-organization and restacking of office space to consolidate people and functions should be part of any strategic real estate plan.
I have been unable to find data, but anecdotal evidence is that at least half of such ventures initially "fail" and require major re-organization or else they dissolve.
It is the dynamism of individuals working together to lead the society as a whole to a morally better situation that we call 'social dynamism', which in turn leads to the re-organization and betterment of social institutions including the political and economic ones as well.
"After a year of consolidation and re-organization, we are again looking to expand both through natural growth and acquisition in Canada or the States."