One method available to corporations to avoid liquidation is by entering into the following agreement with creditors

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A compromise and arrangement is an agreement between a corporation and its creditors in which the corporation proposes a plan to restructure its debt and repay its creditors over a period of time. This allows the corporation to avoid liquidation while still addressing its financial issues. A preference refers to a transaction that gives one creditor an unfair advantage over others, a deferred creditor arrangement is not a recognized legal term, Chapter 11 protection is a type of bankruptcy protection in the US, and an Employment Standards Act stay is unrelated to corporate debt restructuring.

One Method Available to Corporations to Avoid Liquidation Is by Entering