Legal Definition of reorganization plan
: a plan submitted for approval to a bankruptcy court by a corporation seeking to reorganize under chapter 11 of the Bankruptcy Code that sets out the proposed restructuring
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Cite this Entry
“Reorganization plan.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/reorganization%20plan. Accessed 27 Sep. 2021.
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