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LSDefine

Simple English definitions for legal terms

haircut reorganization

Read a random definition: disclosed principal

A quick definition of haircut reorganization:

A haircut reorganization is when a company owes money to people and can't pay it all back. They make a plan to pay back some of the money, but not all of it. This is approved by a court. It's called a "haircut" because the people who are owed money don't get all of it back, just like when you get a haircut, some of your hair is cut off but not all of it.

A more thorough explanation:

Definition: A financial restructuring of a corporation that reduces the amount of debt owed to creditors. This can be done through a plan created by a trustee and approved by a court in bankruptcy cases. It can also involve a merger or recapitalization to improve tax treatment under the Internal Revenue Code.

Example: Company A owes $100 million to its creditors. Through a haircut reorganization, the company negotiates with its creditors to reduce the amount owed to $50 million. This allows the company to restructure its finances and avoid bankruptcy.

Explanation: The example illustrates how a haircut reorganization can help a struggling company reduce its debt burden and avoid bankruptcy. By negotiating with creditors to reduce the amount owed, the company can restructure its finances and improve its financial health.

haircut | Haitian divorce

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JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
soyalmondoatmilk
8:38
good morning! hoping waves will come our wave today
8:42
GW wave today?
8:57
There’s someone I found on here with the username threeoutchange and if my understanding is correct that’s a reference to the debut album by a pretty cool 90s-00s Japanese band called Supercar. I geeked a little
8:57
It could just be a baseball reference I don’t get though lol
Dkk
9:00
@renard99: also, the same band that does a song in the anime Eureka 7 which I watched when I was like idk, 12
9:00
Yeah! They are pretty good. Three Out Change is an awesome J-rock record
Dkk
9:01
I will probably not listen to them more but fun fact. Really random to start the day. An omen that the waves will be very random today.
Dkk
9:03
Fuck, reading the wikipedia now. Literal last song they did before they broke up was Storywriter. Wow.
9:05
That one is a masterpiece
9:05
My favorite song by them is Recreation
glovediedthisishismom
9:05
snowing
Dkk
9:07
@renard99: man, hard to find.
Dkk
9:07
@glovediedthisishismom: Congrats on the snow.
Dkk
9:16
@renard99: Poetic and nice.
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