Reconstruction
/ˌrɛkənˈstrʌkʃən/
Definitions
- (n.) The process of reorganizing or restoring a company’s capital structure, often involving debt adjustment or new equity investments to improve financial stability.
The bankruptcy court approved the reconstruction plan to save the insolvent corporation.
- (n.) The post-Civil War period in United States history (1865–1877) focused on rebuilding the Southern states and integrating formerly enslaved people into society and politics.
The Reconstruction era involved significant constitutional amendments and federal legislation to secure civil rights for freedmen.
- (n.) The legal or forensic process of creating a factual narrative from available evidence, often used in trial or investigative contexts.
The expert testimony included the reconstruction of the accident scene based on photographs and witness statements.
Forms
- reconstruction
Related terms
See also
Commentary
In corporate law, distinguish reconstruction from straightforward reorganization; the former implies more fundamental capital adjustments. Also, recognize Reconstruction as a specific historical and legal term in U.S. constitutional history.
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.