Series 79: Reorganization Plan

Taken from our FINRA Investment Banking Exam

Definition of the term Reorganization Plan...

in a Chapter 11 bankruptcy, the plan for the debtor to restructure its debts in a way that allows it to continue operating and settle with its creditors. Formulating such a plan and having it approved is the ultimate goal of a company in Chapter 11. Also called a plan of reorganization or restructuring plan.

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