"Bankruptcy reorganization" refers to the process where a financially struggling individual or company gets a chance to restructure their debts and operations in order to become financially stable again. It involves making a plan to repay creditors and potentially reducing the amount owed, while keeping the business or individual functioning. The goal is to give the person or company a fresh start and a chance to rebuild their financial health.
Full definition
Synonyms for individual words can be found below.
«bankruptcy»
«reorganization»
Sentences with «bankruptcy reorganization»
- reported that supermarket chain Bi-Lo LLC / Southeastern Grocers is preparing to file for bankruptcy reorganization in the next few weeks. (info.trepp.com)
- According to reports, Majestic Star Casino LLC has come out of bankruptcy reorganization with new owners and $ 500 million less... (findabankruptcylawyer.com)
- PLANS TO ANNOUNCE IN MARCH WHICH stores it wants to close under its ongoing bankruptcy reorganization. (nreionline.com)
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