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 ?
McGuirl noted that the case appeared to be one of first impression with regard to whether a town can exercise its management right to reorganize a fire department during the life of a valid CBA.
1) of the continuing power to reorganize the executive.
Last week, Kansai business leaders held a two-day meeting in Osaka and underlined the need to reorganize the five lobbies soon.
Last December, the cabinet adopted an administrative reform program, in which the government aims to reorganize all 77 special governmental firms and all 86 authorized corporations.
From April 1, the Tokyo-based company will reorganize into an administrative and executive division and three "companies" responsible for specific services, it said.
As a result, Gregory Park would reorganize as a restructured unlimited equity cooperative, and shareholders in good standing would receive new stock certificates and proprietary leases.
"To remain a player in the only market we ever have produced for, we had to strengthen our position or fall back and reorganize to supply a different industry," said Melanson.
But what statistics don't show is the change in the content and process of Chapter 11 proceedings as companies seek court protection and time to reorganize.
However, once the decision to reorganize has been made, upper management commitment and support is vital.
The explanation lies in the way "defects" within amorphous, or noncrystalline, materials reorganize themselves over long periods of time.
Please be reminded that the permit to reorganize CB Center PJSC through its takeover by MTB BANK PJSC was issued on 10 August 2018 and the permit to reorganize VS Bank PJSC through its takeover by TASCOMBANK JSC was issued on 10 July 2018.
President Kurmanbek Bakiev has signed the executive order today to reorganize government agencies as part of launched governance reforms.The Public Service Agency has been reorganized into the State Personnel Service.