reorganization plan

reorganization plan
reorganization plan n: 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

Merriam-Webster’s Dictionary of Law. . 1996.

reorganization plan
A scheme authorized by federal law and promulgated by the president whereby he or she alters the structure of federal agencies to promote government efficiency and economy through a transfer, consolidation, coordination, authorization, or abolition of functions.

Dictionary from West's Encyclopedia of American Law. 2005.


reorganization plan
A scheme authorized by federal law and promulgated by the president whereby he or she alters the structure of federal agencies to promote government efficiency and economy through a transfer, consolidation, coordination, authorization, or abolition of functions.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

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  • Reorganization Plan No. 3 — was an executive order by President Richard Nixon establishing the United States Environmental Protection Agency (U.S. EPA) and setting forth the components of the National Oceanic and Atmospheric Administration. The order consolidated components …   Wikipedia

  • substantial consummation of reorganization plan — The occurrence of each of the following events:(1) transfer, sale, or other disposition of all or substantially all of the property dealt with by the plan pursuant to the provisions of the plan; (2) assumption of operation of the business and… …   Ballentine's law dictionary

  • Reorganization — Creating a plan to restructure a debtor s business and restore its financial health. The New York Times Financial Glossary * * * reorganization re‧or‧gan‧i‧za‧tion [riːˌɔːgənaɪˈzeɪʆn ǁ ˌɔːrgənə ] also reorganisation noun [countable, uncountable] …   Financial and business terms

  • reorganization — Creation of a plan to restructure a debtor s business and restore its financial health. Bloomberg Financial Dictionary See also: reorg; corporate action * * * reorganization re‧or‧gan‧i‧za‧tion [riːˌɔːgənaɪˈzeɪʆn ǁ ˌɔːrgənə ] also reorganisation …   Financial and business terms

  • plan — {{Roman}}I.{{/Roman}} noun 1 for future ADJECTIVE ▪ ambitious, audacious, grand, grandiose ▪ The government has ambitious plans for prison reform. ▪ future ▪ …   Collocations dictionary

  • reorganization — re·or·ga·ni·za·tion /ˌrē ˌȯr gə nə zā shən/ n 1: the act of reorganizing: the state of being reorganized 2 a: the rehabilitation of the finances of a business in accordance with a plan approved by a bankruptcy court under the provisions of… …   Law dictionary

  • plan — n 1: a diagram of an area of land (as a subdivision) filed in the registry of deeds see also plot plan 2: a detailed program; esp: one made under chapter 13 of the Bankruptcy Code that places future earnings under the control of a trustee,… …   Law dictionary

  • reorganization — the resolving of a Chapter 11 bankruptcy by the emergence of the debtor as a viable business. Generally, the company agrees with creditors on a plan for payment of their claims (plan of reorganization) and emerges from Chapter 11 after the plan… …   Glossary of Bankruptcy

  • plan of reorganization — the document setting forth how a bankrupt company plans to satisfy its creditors. The plan of reorganization is the cornerstone of a successful Chapter 11 bankruptcy (Glossary of Common Bankruptcy Terms) A debtor s detailed description of how the …   Glossary of Bankruptcy

  • plan of reorganization — USA Also known as plan. A comprehensive document prepared by a debtor or its creditors detailing how the debtor will continue to operate or liquidate, and how it plans to pay the claims of its creditors over a fixed period of time. The plan must… …   Law dictionary

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