Which of the following nonbankruptcy alternatives is a court action that places the debtor's property under the control of a custodian so that it can be preserved or distributed for the benefit of all creditors?

Question

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Receivership is the nonbankruptcy alternative that places the debtor's property under the control of a custodian (the receiver) so that it can be preserved or distributed for the benefit of all creditors. The receiver manages the assets and may liquidate them to pay off creditors.

Which of the Following Nonbankruptcy Alternatives Is a Court Action