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 ?
Finally, educational institutions must be re-organized according to the resulting conceptual scheme.
It has been re-rendered, and completely re-organized internally, with the central corridor moved to the internal perimeter of the court, and the office spaces freed up.
This present edition has preserved the statistical treatment used earlier but the second part of the text has been re-organized to follow the commodity categories in ICMSF's ecology book.
NEW: Re-organized and updated chapters in Part II to more closely align with specific engineering disciplines
On the other hand Margalla check post police station Taxila, Brahma check post police station Sadar Wah, Chakri Interchange check post police station Chontra and Hamida Check post Nasir Abad have been re-organized and police strength has been increased therein.
The company has also increased R&D investment to accelerate innovation, revamped its go-to-market approaches to improve sales execution, and re-organized IT from the ground up to enable digital business.
Rashdi said PML-F was going to be re-organized, claiming the restructuring will make his an alternate platform for the people of Sindh.
Donnelly Mechanical Corporation announced that the firm has recently re-organized and merged its Sustainability Energy Services platform into the company's core HVAC Service and Construction sectors.
In addition, the charity's board of directors has been re-organized to better support Budweiser Guns 'N Hoses.
Later, he served at Air Headquarters before he was appointed as Air Officer Commanding of the first re-organized Operation Group.
In other business, the committee re-organized at the top of the meeting.
The ninth edition has been re-organized into 29 short, self-contained chapters.