Recent Examples of reorganization from the Web
Erdogan said, adding that the process of reorganization would begin following his two-day trip to Kazakhstan.
The move was part of a larger operational reorganization after plans to move the company’s headquarters to Ireland were scrapped.
He was let go during Superintendent Nikolai Vitti's reorganization of the central office staff.
Approval of the reorganization comes after about three weeks of discussions and study between the mayor's office and the City Council.
The reorganization could be helpful operationally, but it can also be seen as a prelude to a sale or demerger of the cleaning brands.
The attorney said that Patriot National was not subject to the reorganization agreement but is working with Guarantee and the state because Guarantee is Patriot’s largest customer.
Saddled with expensive leases and unprofitable locations, subsidiaries in California and Nevada filed for bankruptcy reorganization in 2009.
The company’s American operations are not part of the reorganization.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'reorganization.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
First Known Use of reorganization
Financial Definition of REORGANIZATION
What It Is
Reorganization may refer to the rehabilitation of a company's finances pursuant to a bankruptcy. It can also refer to any process that affects the tax structure of a corporation. In addition, reorganization may refer to a merger or acquisition or sale of a company that changes the ownership, stock, or legal and management structure.
How It Works
Reorganization is a formal court-supervised process of restructuring a company's finances after a bankruptcy. In accordance with bankruptcy laws, specifically Chapter 11, a company is given protection from creditors during the time period when the company proposes and a bankruptcy court reviews and approves a specific reorganization plan. The reorganization is intended to repay creditors to the maximum extent possible and to restructure the company's finances, management, and operations to prevent the same problem from arising again.
A company may reorganize itself, including its legal or corporate structure to take advantage of existing or new tax regulations.
A merger or acquisition of a company may result in a reorganization of the company ownership, equity structure, management, and operations to take advantage of the efficiencies of new management, new technologies, and new capital assets.
Why It Matters
Reorganization is an important step for a business since it has the potential to open up new opportunities, increase efficiencies and profits, and give legal and financial protection during difficult times.
legal Definition of reorganization
Learn More about reorganization
See words that rhyme with reorganization Spanish Central: Translation of reorganization Nglish: Translation of reorganization for Spanish speakers Britannica English: Translation of reorganization for Arabic speakers Britannica.com: Encyclopedia article about reorganization
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