Which of the following is NOT one of the options for dealing with a company in financial difficulties?

Question

Quizplus · Accepted Answer

Bankruptcy is a legal status of a person or other entity that cannot repay the debts it owes to creditors. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. It is not a method used for companies, which instead might go through administration, liquidation, or receivership.

Which of the Following Is NOT One of the Options