- a reorganizing or being reorganized
- 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 receivership
- The act or process of organizing again or differently.
- A thorough alteration of the structure of a business corporation.
reorganization - Legal Definition
In bankruptcy, the restructuring of a business that permits the continuation of the business even after partial discharge of debts.
In tax law, a corporate restructuring that involves merger with another corporation, or acquisition of one corporation by another.
The act of organizing in a new fashion.