reorganization

Definition
The action that may allow a company to emerge from Chapter 11 bankruptcy. Reorganization consists of a series of agreements between the company, its creditors, and the court which allow for the company to repay its debts and alter its structure to prevent the same problems form arising again.




reorganization is ...
... part of the
Banking and Business subjects.


Related Terms

absolute priority rule -  More
Chapter 10 -  More
cramdown -
recapitalization, poison put, prepackaged bankruptcy


reorganization appears in the definitions of these other terms on BusinessDictionary.com

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