Bankruptcy Reorganization
/ˈbæŋkrʌptsi riˌɔːrɡənaɪˈzeɪʃən/
Definitions
- (n.) A legal procedure under bankruptcy law where a financially distressed entity restructures its debts and business affairs to restore viability while under court supervision.
The company filed for bankruptcy reorganization to manage its debts and continue operating.
Forms
- bankruptcy reorganization
- bankruptcy reorganizations
Related terms
See also
Commentary
Bankruptcy reorganization typically refers to Chapter 11 proceedings in U.S. law, enabling debtors to propose a plan to repay creditors while retaining control of assets.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.