# Reorganization Bankruptcy

**IRI:** https://folio.openlegalstandard.org/R7Jo3gp8LjhpdJNXYE9ow95

## Labels

**Translations:**

- de-de: Sanierungsbankrott
- fr-fr: Faillite de réorganisation
- ja-jp: 再生手続き中の破産
- pt-br: Falência de reorganização
- zh-cn: 重整破产

## 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.

## 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

## See Also

- https://folio.openlegalstandard.org/R9HPXBgZpsNyy2AbQLv1rLG

**Deprecated:** False