reorganization

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Related to Corporate Reorganization: Corporate restructuring

Reorganization

The process of carrying out, through agreements and legal proceedings, a business plan for winding up the affairs of, or foreclosing a mortgage upon, the property of a corporation that has become insolvent.

Reorganization is ordinarily accomplished by way of a Judicial Sale of the property of the corporation. The purchasers then often form a new corporation to which substantially all assets of the old are transferred.

Cross-references

Bankruptcy.

reorganization

n. the implementation of a business plan to restructure a corporation, which may include transfers of stock between shareholders of two corporations in a merger. In bankruptcy, a corporation in deep financial trouble may be given time to reorganize while protected from creditors by the bankruptcy court. The theory is that if the business is able to get on its feet the creditors will eventually collect. (See: corporation, merger, bankruptcy)

reorganization

noun alteration, amelioration, betterment, change, conversion, improvement, melioration, overhauling, readjustment, rearrangement, rebuilding, reconstitution, reconstruction, rectification, reformation, rehabilitation, remaking, remodeling, restoration, restructuring, revising, revision, transformation
Associated concepts: bankruptcy, corporate reorganization
See also: development, progress, reclassification, reconversion, rehabilitation, repair, replacement
References in periodicals archive ?
In El Paso, of three different proposals for corporate reorganization, the taxpayer was able to adopt the last one; therefore, the other two were not deemed to be abandoned.
In order to unlock shareholder value, the Reports recommend that the Company carry out a corporate reorganization to crystallize and separate each major asset group into its own clearly focused public company.
In particular, the Corporate Reorganization is expected to result in simplification of the Company's compliance with regulatory requirements and an enhanced ability to raise capital in Canadian, U.
The economic landscape, with its corporate reorganizations, has highlighted the importance of the basis study to the taxpayer.
Given growing concerns about potential environmental infractions, this agency is likely to become even more visible in corporate reorganizations.
Gentor" or the "Company")(TSX-V - "GNT" & OTCQB - "GNTO") announces that, further to its January 10, 2012 press release, the fairness hearing on the Company's proposed corporate reorganization (the "Corporate Reorganization") was held by the Idaho Department of Finance on January 23, 2012 and, after holding the hearing, the Idaho Department of Finance has issued an order approving the fairness of the terms and conditions of the Corporate Reorganization.
Colliers ABR has announced a major corporate reorganization designed to ensure its continued growth while maintaining its position as New York's most successful independent, privately-held real estate services company.
All three were the result of corporate reorganization.
The Corporate Reorganization will be effected by a two-step process involving a merger of Gentor with and into its wholly-owned Wyoming subsidiary, followed by a continuation of the surviving company into the Cayman Islands.
8 (2005) (Times Mirror), the Tax Court held that a corporate reorganization was not tax flee under Sec.
the parent company of Plextor, announced plans to perform a corporate reorganization to streamline Plextor's optical drive business to enhance operating efficiencies.
In addition to ensuring that a reorganization qualifies for tax-deferred treatment and does not unintentionally terminate an S election, a corporate reorganization may also have to comply with the Sec.

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