reorganization

n.

1. The act or process of organizing again or differently.
2. A thorough alteration of the structure of a business corporation.

reorganizational re·or'gan·i·za'tion·al adj.

A process designed to revive a financially troubled or bankrupt firm. A reorganization involves the restatement of assets and liabilities, as well as holding talks with creditors in order to make arrangements for maintaining repayments.

Investopedia Says:
Reorganization is an attempt to extend the life of a company facing bankruptcy through special arrangements and restructuring in order to minimize the possibility of past situations reoccurring.

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1. Restructuring of a corporation's financial assets under Chapter 11 of the Bankruptcy Code to return the company to profitability. The debtor corporation, known as the Debtor in Possession if no bankruptcy trustee is named, remains in operation and attempts to work out a plan for repayment of debts under supervision of the Bankruptcy Court. Creditors are prevented from seizing assets of the debtor to satisfy their claims, and must agree to a reorganization plan submitted by the debtor. If no acceptable plan can be worked out, the corporation's assets can then be liquidated, or sold off, to meet its unpaid obligations. Any corporation other than a bank or an insurance company, or a municipal government, may file a bankruptcy petition under Chapter 11. See alsoCram Down; Creditors' Committee; Involuntary Bankruptcy.

2. Combination of two or more related business organizations, resulting in a new corporate structure, but leaving the business units intact. For example, two subsidiary banks of a bank holding company can merge into a single bank. The transaction is similar to a Pooling of Interests.

This entry contains information applicable to United States law only.

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.

See: bankruptcy.

Dansk (Danish)
n. - omstrukturering, omdannelse, rekonstruktion

idioms:

• business reorganization    virksomhedsomdannelse, omstrukturering af virksomhed, rekonstruktion af virksomhed

Nederlands (Dutch)
reorganisatie, sanering bedrijfsreorgani- satie

Français (French)
n. - réorganisation

idioms:

• business reorganization    réorganisation d'une entreprise

Deutsch (German)
n. - Reorganisation, Neueinteilung

idioms:

• business reorganization    Betriebsreorganisation

Ελληνική (Greek)
n. - αναδιοργάνωση

idioms:

• business reorganization    αναδιοργάνωση επιχείρησης

Italiano (Italian)
riorganizzazione

idioms:

• business reorganization    risanamento d'impresa

Português (Portuguese)
n. - reorganização (f)

idioms:

• business reorganization    reorganização de uma empresa

Русский (Russian)
реорганизация

idioms:

• business reorganization    реорганизация компании

Español (Spanish)
n. - reorganización, reestructuración

idioms:

• business reorganization    reestructuración de una empresa

Svenska (Swedish)
n. - omorganisation

中文（简体）(Chinese (Simplified))
改组, 重新制定, 改编, 整顿

idioms:

• business reorganization    公司重组

中文（繁體）(Chinese (Traditional))
n. - 改組, 重新制定, 改編, 整頓

idioms:

• business reorganization    公司重組

한국어 (Korean)
n. - 재편성

日本語 (Japanese)
n. - 再編成, 改造, 再建, 改組

العربيه (Arabic)
‏(الاسم) اعادة تنظيم اعادة تنظيم العمل‏

עברית (Hebrew)
n. - ‮ארגון מחדש, ריאורגניזציה‬

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