Reorganization Plans

Reorganization plans are strategies used by companies, especially those facing financial difficulties, to restructure their operations and finances. The goal is to improve efficiency, reduce debt, and return to profitability. This can involve changing management, selling off assets, or altering business practices. In bankruptcy situations, these plans outline how debts will be managed and how the company will emerge successfully. Essentially, a reorganization plan is a roadmap for a business to recover and stabilize while maintaining its core functions and serving its stakeholders.