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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.




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)


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 ?
Tasktop's Mylyn TFS Connector re-organizes the development environment around tasks and helps improve developer and team productivity by automatically presenting only the most relevant source code and project management information associated with each task, making it effortless to switch tasks and recover from interruptions with a single click.
com production servers and related Oracle databases patch management and application services -- Advanced database performance management and optimization services, including: -- Table-space Monitoring: includes analyzing table-space for adequate free space, fragmentation and size of free block space -- Table Sizing: ensures proper sizing based on your anticipated activities and business volumes -- Table/Index Monitoring: includes checking the actual usage of tables/indices, verifying the extents for size, and optimizing performance -- Table/Index Maintenance: maintains and re-organizes Oracle tables and indexes using Oracle database administration and Glovia database conversion tools as well as re-sizing glovia.
Continuing its move to a technology/licensing based business model, Waytronx re-organizes and verticalizes its sales force