________ is an arrangement whereby the firm's creditors receive full payment, although not immediately.

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An extension is an arrangement whereby the firm's creditors receive full payment, although not immediately. This involves negotiating with creditors to defer payments, usually by extending the repayment period. This allows the business to free up cash flow and avoid defaulting on its debt. A composition involves the partial settlement of debts, while a creditor control agreement is a formal agreement between a company and its creditors over the management of its financial affairs. Liquidation involves selling off a company's assets to pay its debts.

________ Is an Arrangement Whereby the Firm's Creditors Receive Full