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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 ?
By automating many of the day-to-day maintenance processes and avoiding unnecessary reorgs, valuable DBA resources can be dedicated to more critical tasks such as strategic planning and database design.
By utilizing CA's ManageIT TSreorg, we have been able to reduce the amount of time needed for table reorgs, allowing us to do the periodic reorgs we require with minimal scheduled downtime," said Erez Kendler, systems manager, SAP-certified technical consultant, Dead Sea Works Ltd.
IRI customers are involved in data warehouse ETL, VLDB reorgs, reporting, mainframe migration, and application development on UNIX/LINUX and Windows platforms.
We know we need to do reorgs and with DiagnosticManager, we now know the best time to perform them to give us the best overall SQL Server performance.
We have at most a two hour window each day to complete as many reorgs as possible.