plan of reorganization

plan of reorganization definition - finance
A document that a debtor submits to a bankruptcy court in order to list what debt should be restructured or forgiven. In bankruptcies under Chapter 11, Chapter 12, and Chapter 13, the debtor proposes a reorganization plan.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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