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 ?
It seems to be clear that when we deal with the acquisition of verbal paradigm, the reorganizational error can play an important role to understand it.
For example, similarity or analogy of stories is a common principle of reusing existing mental resources in various types of generative actions such as gathering actions, top-down restriction, inductive generalization, and reorganizational differentiation.
reorganizational authority to the President, and/or introduce and enact
Recent Reorganizational Efforts and Official Guidance
Translation and localization social networks are scalable and reorganizational.
The primary theory draws a distinction between revolutionary and reorganizational constitutions and argues that originalism thrives in revolutionary constitutions, which create a nation, but not in reorganizational constitutions, which merely reorganize an already existing political and legal structure.
We would focus on any management comments regarding the company's mobile strategy and further reorganizational steps that are likely to involve a merger with Svyazinvest.
Additionally, Florida law suggests that the legislature has historically led reorganizational efforts in this state.
Bankruptcy Court approved Flying J's reorganizational plan allowing the company to resume regular business practices.
Roosevelt wrote in his 1939 Reorganizational Plan that it was "necessary and desirable to group in a Federal Security Agency those agencies of the Government, the major purposes of which are to promote social and economic security, educational opportunity and the health of the citizens of the Nation." (167)
Como sugiere West-Eberhard (2005: 6547), "a very large body of evidence shows that phenotypic novelty is largely reorganizational rather than a product of innovative genes".