the resolving of a Chapter 11 bankruptcy by the emergence of the debtor as a viable business. Generally, the company agrees with creditors on a plan for payment of their claims (plan of reorganization) and emerges from Chapter 11 after the plan is confirmed by the court (Glossary of Common Bankruptcy Terms)The preparation of a plan in bankruptcy to financially restructure the repayment of business debt (Legal Dictionary: Bankruptcy Law)
United Glossary of Bankruptcy Terms 2012.
Glossary of Bankruptcy.
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reorganization — re·or·ga·ni·za·tion /ˌrē ˌȯr gə nə zā shən/ n 1: the act of reorganizing: the state of being reorganized 2 a: the rehabilitation of the finances of a business in accordance with a plan approved by a bankruptcy court under the provisions of… … Law dictionary
Reorganization — Re*or gan*i*za tion ( gan ? z? sh?n), n. The act of reorganizing; a reorganized existence; as, reorganization of the troops. [1913 Webster] … The Collaborative International Dictionary of English
reorganization — 1813, from RE (Cf. re ) + ORGANIZATION (Cf. organization) … Etymology dictionary
reorganization — [rē ôr΄gə ni zā′shən] n. 1. a reorganizing or being reorganized 2. Finance a thorough reconstruction of a business corporation, comprising a considerable change in capital structure, as effected after, or in anticipation of, a failure and… … English World dictionary
Reorganization — Creating a plan to restructure a debtor s business and restore its financial health. The New York Times Financial Glossary * * * reorganization re‧or‧gan‧i‧za‧tion [riːˌɔːgənaɪˈzeɪʆn ǁ ˌɔːrgənə ] also reorganisation noun [countable, uncountable] … Financial and business terms
reorganization — Creation of a plan to restructure a debtor s business and restore its financial health. Bloomberg Financial Dictionary See also: reorg; corporate action * * * reorganization re‧or‧gan‧i‧za‧tion [riːˌɔːgənaɪˈzeɪʆn ǁ ˌɔːrgənə ] also reorganisation … Financial and business terms
reorganization — Act or process of organizing again or anew. People ex rel. Barrett v. Halsted Street State Bank, 295 IlLApp. 193, 14 N.E.2d 872, 876. General term describing corporate amalgamations or readjustments occurring, for example, when one corporation… … Black's law dictionary
reorganization — noun ADJECTIVE ▪ fundamental, major, massive, radical ▪ financial, structural ▪ corporate, internal … Collocations dictionary
reorganization — UK [rɪˌɔː(r)ɡənɪˈzeɪʃ(ə)n] / US [rɪˌɔrɡənɪˈzeɪʃ(ə)n] noun [countable/uncountable] Word forms reorganization : singular reorganization plural reorganizations the process of organizing something again in a different way reorganization of: a costly… … English dictionary
reorganization — noun 1. the imposition of a new organization; organizing differently (often involving extensive and drastic changes) a committee was appointed to oversee the reorganization of the curriculum top officials were forced out in the cabinet shakeup •… … Useful english dictionary