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 ?
Reorganized and redesignated 29 December 1944 as the 10th Military Police Criminal Investigation Detachment (CID).
The Enemy Is Still Here!: A Reorganized Synthesis of The War Is Now!, November 1994-March 2003 by Hutton Gibson Faith & Freedom Publishing.
The reorganized structure will be as follows: Jean-Francouis Debrois will be general manager of life and health insurance; Gerard Pfauwadel, general manager, property and liability insurance; Francois Thomazeau, assistant general manager, activities outside France, reinsurance, human resources, general resources and legal affairs; and Laurent Mignon, assistant general manager, asset management and Banking activities, property, corporate finance, financial insurance and credit insurance.
He was speaking in an address broadcast to the firm's branches as the 49 new arms formed by NTT West and the reorganized parent company kicked off operations the same day.
Daiwa Trust will also be reorganized and likely named Resona Trust Bank at the same time.
Divided into five parts, Futurize Your Enterprise begins by showing how companies like Microsoft and Dell have reorganized around customer groups -- rather than around product, content or service offerings -- and shows how this structure allows those companies to listen and respond to customer needs faster.
A joint venture mainly run by the four, called All Planning Co., will be reorganized and renamed All Inc.
This background, plus the planning experience he had logged on the job, was the inspiration on which he developed the framework for a reorganized treasury group at EDS.
The Metropolitan Police Department (MPD) reorganized its high-tech crime center Thursday, adding 13 investigators and creating a new special division to combat increasing crime on the Internet.
26 Kyodo The government plans to launch the 13 new ministries and agencies reorganized from the current 23 central government institutions on Jan.
Xinhua said Dongfeng, based in Shiyan, Hubei, reorganized its light-duty
They swiftly issued a Letter of Intent and Pledge to Fund $20 million in the form of a new underlying mortgage to the reorganized Gregory Park.