reorganization

(redirected from reorganizations)
Also found in: Dictionary, Thesaurus, Financial.

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.
The requirements, attributes, and benefits of Type F corporate reorganizations can be analyzed and explained in a discussion of the recent Jobco Manufacturing Company case (951 F2d 1259- aff'g TC Memo 1990-385).
Analysis on the Opportunity of Investment and Reorganization in China Automobile Industry
If the net proceeds of the sale were distributed to the acquired corporation's shareholders immediately before the merger and not retained, the transaction could continue to qualify as a type A reorganization, because a statutory merger does not have a "substantially all" requirement (as in other types of reorganizations).
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.