Reorganization in bankruptcy
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Reorganization in bankruptcy is a court-approved attempt to keep a company alive by changing its capital structure in lieu of liquidation. A reorganization must adhere to the standards of fairness and feasibility.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Reorganization in bankruptcy. A court-approved attempt to keep a company alive by changing its capital structure in lieu of liquidation. A reorganization must adhere to the standards of fairness and feasibility.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
