(A) Business Law. A new business plan that restructures a business which may include a takeover or merger of corporations. (B) Bankruptcy Law. A corporation that is experiencing difficult financial conditions or which may have filed for Chapter 11 may be given time to restructure its business plan and try to kick start the business into a viable state in the hope of repaying creditors. A business reorganization plan is filed and subject to approval of creditors which should provide justification as to why it is more beneficial to run the business with its ostensibly better organized plan than to liquidate the business.