What is called a type of reorganization in which management revalues assets and eliminates deficit by charging it to other equity accounts?

The type of reorganization you are referring to is called a "recapitalization." In this process, a company may revalue its assets and address deficits by reallocating or adjusting amounts in its equity accounts, often through mechanisms such as debt restructuring or equity issuance. This can help improve the financial health of the company and provide a clearer picture of its asset value.