Reorganization - Creating a plan to restructure a debtors business and restore its financial health.
A process designed to revive a financially troubled or bankrupt firm. A reorganization involves the restatement of assets and liabilities, and communication with creditors in order to make arrangements for maintaining repayment.
Reorganization : creating a plan to restructure a debtors business and restore its financial health.
a process designed to revive a financially troubled or bankrupt firm. a reorganization involves the restatement of assets and liabilities, and communication with creditors in order to make arrangements for maintaining repayment.
Reorganization