{"iri":"https://folio.openlegalstandard.org/R7Jo3gp8LjhpdJNXYE9ow95","label":"Reorganization Bankruptcy","sub_class_of":["https://folio.openlegalstandard.org/R7LI3BONqNkXbKHKa0t3jyI"],"parent_class_of":["https://folio.openlegalstandard.org/R9ABG3dfhVDQUvRmg24IImI","https://folio.openlegalstandard.org/RE5Fc26D4606fC0Cd7664845","https://folio.openlegalstandard.org/RQcRw3hlSYfKCU8zKKQ9R0"],"is_defined_by":null,"see_also":["https://folio.openlegalstandard.org/R9HPXBgZpsNyy2AbQLv1rLG"],"comment":null,"deprecated":false,"preferred_label":null,"alternative_labels":[],"translations":{"fr-fr":"Faillite de réorganisation","pt-br":"Falência de reorganização","de-de":"Sanierungsbankrott","ja-jp":"再生手続き中の破産","zh-cn":"重整破产"},"hidden_label":null,"definition":"This is a process where a company, individual, or any other entity rearranges its debts in order to remain viable. The debtor typically retains their assets and continues to operate the business, while working out a plan to repay creditors over time.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}