1. A structured strategy or proposal to restructure an organization, company, or system to improve efficiency, reduce costs, or address operational issues
The company presented a reorganization plan to streamline its operations and reduce overhead costs.
A empresa apresentou um plano de reorganização para simplificar suas operações e reduzir custos gerais.
2. In bankruptcy law, a formal proposal filed by a debtor outlining how the business will be restructured and debts repaid
The corporation filed a reorganization plan under Chapter 11 bankruptcy protection.
A corporação apresentou um plano de reorganização sob proteção de falência do Capítulo 11.