Which of the following is a transfer or assignment by a debtor of title to property to a trustee or an assignee who sells the property with the proceeds of the sale going to pay creditors on a pro rata basis?

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An assignment for the benefit of creditors is a legal process in which a debtor transfers title to property to a trustee or assignee, who then sells the property and uses the proceeds to pay creditors on a pro rata basis. This is a form of voluntary liquidation outside of bankruptcy proceedings.

Which of the Following Is a Transfer or Assignment by a Debtor