What is another word for receiver-creditor relation?
Pronunciation: [ɹɪsˈiːvəkɹˈɛdɪtə ɹɪlˈe͡ɪʃən] (IPA) 
Receiver-creditor relation refers to the legal arrangement that occurs when a debtor is placed under the control of a court-appointed receiver. In this situation, the receiver works to manage the debtor's assets in order to repay their creditors. There are several synonyms for this term, including receiver-creditor arrangement, receiver-creditor agreement, and receiver-creditor relationship. Each of these terms describes the same concept of a legal authority being established over a debtor's affairs, with the goal of paying back money owed to creditors. This arrangement is often used in bankruptcy cases, where a debtor is unable to pay their debts and requires court intervention to manage their assets.
