Question: Please explain and label. A. What are the nonjudicial actions available to a financially distressed company? B. What judicial actions are available? C. What is

Please explain and label.

A. What are the nonjudicial actions available to a financially distressed company?

B. What judicial actions are available?

C. What is the difference between a Chapter 7 and a Chapter 11 bankruptcy action?

D. What are the rights of creditors with priority in a Chapter 7 liquidation?

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