The legal procedures for company reorganization are as follows:

1. Application for company reorganization: generally, it can be submitted to the court by the debtor's enterprise or by the creditor;

2. If proposed by creditors, a creditors' committee shall be established and a creditors' meeting shall be held;

3. The creditors' meeting shall formulate a reorganization plan, which usually clearly stipulates the following items:

(1) The debtor retains the company's property;

(2) Transferring the property to other subjects;

(3) the combination of the debtor and other subjects;

(4) selling or distributing property;

(5) issue securities to obtain cash or replace existing securities.

Extended data:

Reorganization type

1. According to different reorganization objects, corporate restructuring can be divided into partial property rights restructuring, corporate personality restructuring, corporate equity restructuring, corporate control restructuring and corporate business model restructuring.

2. Corporate restructuring is divided into inter-company restructuring and intra-company restructuring according to the number of restructured companies;

3. The company restructuring shall prevail. Enterprise reorganization can be divided into domestic reorganization and foreign reorganization;

4. The impact of restructuring, the purpose of company restructuring can be divided into restructuring and expanding the assets and business scale of heavy companies and companies, and narrowing the purpose of restructuring companies, reducing the assets and business scale of companies;

5. According to the competitiveness of restructured enterprises, enterprise restructuring can be divided into expansion restructuring and replication restructuring.

Baidu Encyclopedia-Enterprise Restructuring