Reorganization Order
/ˌriːˌɔːrɡənaɪˈzeɪʃən ˈɔːrdər/
Definitions
- (n.) A judicial or administrative directive approving and implementing a plan to restructure a debtor's assets and obligations during bankruptcy or insolvency proceedings.
The court issued a reorganization order to authorize the debtor's restructuring plan.
- (n.) An official mandate by a corporate board or government authority that directs reconfiguration of business entities or organizational structure.
Following the merger, the company received a reorganization order to align its divisions.
Forms
- reorganization order
- reorganization orders
Related terms
See also
Commentary
Commonly used in bankruptcy contexts, a reorganization order formally validates a debtor's restructuring plan; it may also refer to administrative directives in corporate or governmental reorganization.
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.