could you read and explain what you get from this please and give two advices?

o What are the nonjudicial actions available to a financially distressed company? What judicial actions are available? The nonjudicial actions that are available to a financially distressed company are: debt restructuring arrangements, creditor's committee management, and transfer of assets. Debt restructuring arrangements are when the debtor tries to make an extension of due dates of its debt, decrease the interest rate, or modify other terms of the debt contract (Christensen, et al., 2019). Creditors' committee management will typically start a plan of settlement that will work a schedule of payments on specific debts for anticipated payments and the creditor will work closely with the debtor to ensure this plan is followed (Christensen, et al., 2019). Finally transfer of assets may be when the debtor requires cash and they trade their receivables at a discount to get cash more quickly (Christensen, et al., 2019). The judicial actions available are the actions administered by bankruptcy courts and bankruptcy judges using guidance under Title 11 of the U.S. Bankruptcy Code which is Chapter 9 Adjustment of Debts of a Municipality, Chapter 11 Reorganization, Chapter 12 Adjustment of Debts of a Family Farmer with Regular Annual Income, Chapter 13 Adjustment of Debts of an Individual with Regular Income (Christensen, et al., 2019). What conditions must occur for a company in reorganization to use fresh start accounting? How are the sales of assets reported on the statement of realization and liquidation? The ASC852 determines that the fresh start reporting will be used as the confirmation date of the plan of reorganization if the reorganization value of the assets before the date of confirmation is less than the total of all post petition liabilities and allowed claims and the holders of the existing voting shares before confirmation receive less than 50% of the voting shares implying that the prior shareholders have lost control of the emerging company (Christensen, et al., 2019). The statement of realization and liquidation is a monthly report by trustees to the bankruptcy court that shows the trustee's fiduciary actions with three major sections: assets, supplementary items, and liabilities (Christensen, et al., 2019). The asset section is divided into four groups: assets to be realized, assets acquired, assets realized, and