Reorganization Plan
/ˌriːˌɔːrɡənəˈzeɪʃən plæn/
Definitions
- (n.) A formal proposal used by a government or corporate entity to restructure its organization, operations, or assets, often to improve efficiency or comply with legal requirements.
The court approved the reorganization plan submitted by the debtor company to restructure its debts.
- (n.) In U.S. federal law, a detailed plan submitted by the President to Congress outlining proposed transfers and realignments of functions within the executive branch.
The President's reorganization plan aimed to consolidate multiple agencies for streamlined governance.
Forms
- reorganization plan
- reorganization plans
Related terms
See also
Commentary
The term often appears in bankruptcy and administrative law contexts; clarity on the governmental or corporate context aids precise drafting.
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.