reorganization

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Related to Re-Organization: Corporate Reorganization

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 ?
The proposed re-organization plan would introduce mental health assessment and addiction counselling to the shelter.
Another benefit of isolating space in a re-organization is to allow for subleasing or assignment of a portion of the company's space in order to reduce expenses.
has also filed for bankruptcy re-organization, and in remains uncertain which facilities (if any) will be idled.
Hudson, has severely criticized the so-called re-organization of the Institute, the staff of which has been terminated.
This would probably be an easy fit for you and would not further "rock the boat" of re-organization.
Later in the memo, Combs notes that the Democratic Party will not re-organize until 1998 but that "the Republican Party begins its re-organization process at the precinct level this September.
She also shows the degree to which America's allies repaid those loans, accepted the re-organization of the global economic system to American advantage, and then swallowed the debasement of the American currency after 1971, which maintained the United States' economic primacy at foreign expense.
OTCPK: HRNF) is pleased to announce that its board of directors has approved a stock re-organization plan for 2011, which includes no plan for a reverse split.
ISLAMABAD -- The strength of the federal cabinet has been raised from 31 to 34 as the government under Prime Minister Shahid Khaqan Abbasi has issued a notification regarding the re-organization of the portfolios on Monday.
KARACHI -- Chairman Pakistan Peoples Bilawal Bhutto Zardari Saturday asked the PPP Coordination Committee South Punjab to complete the party re-organization process as soon as possible with recommendations of all level of party workers.
Tenders are invited for Baseline data collection/generation and analysis of various samples of group i (air, water, noise and soil) for jagannath re-organization, bharatpur re-organization, kulda expn.
Furthermore, Pakistan People Party (PPP) provincial information Secretary Liaqat Shahbab has said that party chairman Bilwal Bhuttoo will visit district Nowshera to supervise the re-organization activities of the party.