What is called bankruptcy practitioner appointed by secured creditors to oversee the repayment of debts?
Correct answer: C. Receiver
- A. Liquidator
- B. Solicitor
- C. Receiver
- D. Agent
Explanation
A receiver is appointed to take control of a debtor’s assets and manage repayment for secured creditors. A liquidator instead generally winds up the company and distributes its remaining assets.
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