reorganization
- The process of rearranging or revamping an entity or system
- A financial restructuring of a business sanctioned by a bankruptcy court under Chapter 11 of the Bankruptcy Code
- A set of operations such as merger or recapitalization that impact a corporation's tax situation under the United States Internal Revenue Code, often resulting in tax benefits
- The modification of the structure of governmental departments or legislative committees and the distribution of authority among them, usually aiming for improved efficiency and accountability
- Our company needs a reorganization to streamline operations and improve productivity.
- The failing company sought reorganization under Chapter 11 of the Bankruptcy Code to resolve its financial burdens.
- After the reorganization, the corporation was better equipped for favorable tax treatment under the Internal Revenue Code.
- The reorganization of government departments was implemented to promote responsibility and efficiency.
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