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 ?
What-if" financial scenarios can be compared to understand the impacts of adding new positions or performing a re-organization.
The approach will capitalize on our knowledge of mouse embryos, the implementation of cutting-edge genomic technologies and the unique collection of engineered mammalian chromosomes kept into living mice, which represent as many targeted re-organizations of both chromatin and regulatory topologies.
In addition, many procurement leaders are frustrated in their attempts to deliver value beyond the "low-hanging fruit" by obstacles such as internal budget cuts, re-organizations, poor IT support, outsourcing, and decades of legacy operating models.
For reducing the associated burden, countries across Europe engage in costly re-organizations of mental health care systems.
The added functionality allows managers and human resource departments to more effectively plan for change such as re-organizations, mergers and acquisitions.
With STx R5, tax departments can respond with greater speed and confidence to dynamic market conditions such as acquisitions, re-organizations, and audit requests.
With an increasing number of mergers and acquisitions as well as corporate re-organizations in Japan, the competition has intensified," said Rod Talbot, JDA's regional vice president for Asia Pacific.
Fully integrated with the Workstream TalentCenter Suite, the Workstream Planning and Analytics product line provides a more intuitive and strategic approach to thinking about promotions, re-organizations, mergers and acquisitions and their affect on the overall workforce.
He has also assisted business leaders navigate growth, re-organizations and restructuring by taking a strategic view of legal, business, LABOUR and political impacts.
The KALIDO software provides our clients with a next generation data warehousing solution to manage major changes, such as mergers, re-organizations or acquisitions which many enterprises experience today.
The KALIDO software rapidly adapts to major business changes, such as mergers, acquisitions or re-organizations, without requiring re-architecting of the system.
This significant increase of responsibility reflects the dramatic rise in re-organizations and downsizings in 2000.