reorganization

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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 ?
Normally, COI is measured as of the date the reorganization transaction is closed.
Effect of the Tax-free Reorganization Upon the Buyer.
In the current climate of reorganizations, restructurings, and bankruptcies, one can assume that the number of basis studies to be conducted and reviewed will continue to grow.
The renewed interest in quasi reorganizations that followed a 1988 American Institute of CPAs issues paper, Quasi-Reorganizations, is both reinforced and challenged in the FASB DM.
Analysis on the Opportunity of Investment and Reorganization in China Automobile Industry
Tax-free treatment for cross-border mergers organized under foreign law allows a tremendous amount of flexibility in structuring foreign reorganizations in an increasingly global business market.
On January 2, 1997, the Internal Revenue Service issued proposed regulations under section 368 that would significantly relax the "remote" continuity-of-interest doctrine for certain tax-free reorganizations.
For a transaction to qualify as a tax-free reorganization, it must meet three threshold requirements:
com/reports/c43234) has announced the addition of Representing Boards of Directors in Bankruptcy & Reorganization Situations with Paul Daley of Wilmer Cutler Pickering Hale & Dorr LLP (Video Leadership Seminars) to their offering.
Proposed regulations (23) provide guidance on corporate formations and reorganizations and liquidations of insolvent corporations.
73-580,(5) the IRS held that compensation paid for services performed by employees relating to reorganizations should be treated the same as fees paid for similar services performed by outsiders.
And it has provided no guidance at all on how to report on reorganizations.