Definitions of "reorganization"
  1. The process of rearranging or revamping an entity or system
  2. A financial restructuring of a business sanctioned by a bankruptcy court under Chapter 11 of the Bankruptcy Code
  3. 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
  4. 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
How to use "reorganization" in a sentence
  1. Our company needs a reorganization to streamline operations and improve productivity.
  2. The failing company sought reorganization under Chapter 11 of the Bankruptcy Code to resolve its financial burdens.
  3. After the reorganization, the corporation was better equipped for favorable tax treatment under the Internal Revenue Code.
  4. The reorganization of government departments was implemented to promote responsibility and efficiency.

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