Reorganization

Reorganization
Creating a plan to restructure a debtor's business and restore its financial health. The New York Times Financial Glossary

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reorganization re‧or‧gan‧i‧za‧tion [riːˌɔːgənaɪˈzeɪʆn ǁ -ˌɔːrgənə-] also reorganisation noun [countable, uncountable]
1. the process of changing the structure and working arrangements of a company or organization:

• the latest in a long string of corporate reorganizations

• The three new posts were created in the reorganization of the company's business groups.

2. FINANCE the act of officially organizing a company and its finances in a new way because it has become bankrupt:

• The company has until 3 March to file a reorganization plan.

• They may seek protection from creditors in a Chapter 11 reorganization (= a reorganization under US bankruptcy law ) .

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reorganization UK US (UK also reorganisation) /riːˌɔːgənaɪˈzeɪʃən/ US  /riːˌɔrgənəˈzeɪʃən/ noun [C or U]
HR, MANAGEMENT, WORKPLACE a change in the way that something such as a company is organized, in order to improve it: »

corporate reorganization

»

broad/major/massive reorganization

»

a radical/sweeping reorganization

announce a reorganization »

The company may announce a reorganization of management before the end of this year.

LAW, FINANCE, WORKPLACE in the US, a change in the way a company and its finances are organized after it has gone bankrupt: »

reorganization costs

»

a plan of reorganization/reorganization plan

»

The New York-based investment firm was a member of the company's creditors committee during its recent bankruptcy reorganization.


Financial and business terms. 2012.

Look at other dictionaries:

  • reorganization — re·or·ga·ni·za·tion /ˌrē ˌȯr gə nə zā shən/ n 1: the act of reorganizing: the state of being reorganized 2 a: the rehabilitation of the finances of a business in accordance with a plan approved by a bankruptcy court under the provisions of… …   Law dictionary

  • Reorganization — Re*or gan*i*za tion ( gan ? z? sh?n), n. The act of reorganizing; a reorganized existence; as, reorganization of the troops. [1913 Webster] …   The Collaborative International Dictionary of English

  • reorganization — the resolving of a Chapter 11 bankruptcy by the emergence of the debtor as a viable business. Generally, the company agrees with creditors on a plan for payment of their claims (plan of reorganization) and emerges from Chapter 11 after the plan… …   Glossary of Bankruptcy

  • reorganization — 1813, from RE (Cf. re ) + ORGANIZATION (Cf. organization) …   Etymology dictionary

  • reorganization — [rē ôr΄gə ni zā′shən] n. 1. a reorganizing or being reorganized 2. Finance a thorough reconstruction of a business corporation, comprising a considerable change in capital structure, as effected after, or in anticipation of, a failure and… …   English World dictionary

  • reorganization — Creation of a plan to restructure a debtor s business and restore its financial health. Bloomberg Financial Dictionary See also: reorg; corporate action * * * reorganization re‧or‧gan‧i‧za‧tion [riːˌɔːgənaɪˈzeɪʆn ǁ ˌɔːrgənə ] also reorganisation …   Financial and business terms

  • reorganization — Act or process of organizing again or anew. People ex rel. Barrett v. Halsted Street State Bank, 295 IlLApp. 193, 14 N.E.2d 872, 876. General term describing corporate amalgamations or readjustments occurring, for example, when one corporation… …   Black's law dictionary

  • reorganization — noun ADJECTIVE ▪ fundamental, major, massive, radical ▪ financial, structural ▪ corporate, internal …   Collocations dictionary

  • reorganization — UK [rɪˌɔː(r)ɡənɪˈzeɪʃ(ə)n] / US [rɪˌɔrɡənɪˈzeɪʃ(ə)n] noun [countable/uncountable] Word forms reorganization : singular reorganization plural reorganizations the process of organizing something again in a different way reorganization of: a costly… …   English dictionary

  • reorganization — noun 1. the imposition of a new organization; organizing differently (often involving extensive and drastic changes) a committee was appointed to oversee the reorganization of the curriculum top officials were forced out in the cabinet shakeup •… …   Useful english dictionary

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