Reorganization

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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 ?
If you're not grabbing in your breath and identifying yourself as having an object-level body, you can push one another through the arm without tensing as your whole structures moves and re-organizes itself so that you don't feel increased pressure coming toward you.
A similar theme runs through Sisters, a play set simultaneously in 1969 and 1950, as the main character, a nun, re-organizes her memories of working in a residential school for version, Lill writes: "Sisters is a reconstruction/memory play.