Glossary of Bankruptcy

PLAN OF REORGANIZATION

plan of reorganization

the document setting forth how a bankrupt company plans to satisfy its creditors. The plan of reorganization is the cornerstone of a successful Chapter 11 bankruptcy (Glossary of Common Bankruptcy Terms)

A debtor's detailed description of how the debtor proposes to pay creditors' claims over a fixed period of time. (California Bankruptcy Dictionary)

United Glossary of Bankruptcy Terms2012.

• POSTPETITION
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