Restructuring Plan
/rɪˈstrʌktʃərɪŋ plæn/
Definitions
- (n.) A formal proposal or set of measures designed to reorganize a company's financial obligations and operations to improve viability.
The debtor submitted a restructuring plan to the bankruptcy court to avoid liquidation.
- (n.) A legally binding document approved by shareholders or creditors to effect corporate reorganization or debt modification.
The restructuring plan required approval by the majority of secured creditors.
Forms
- restructuring plan
- restructuring plans
Related terms
See also
Commentary
Drafting a restructuring plan requires clarity on creditor classes and acceptance thresholds to ensure legal enforceability under insolvency statutes.
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.