Question 15. Which statement best distinguishes between receivership and judicial management? (2 marks) A. Receivership is to liquidate a company facing financial difficulties, whereas judicial management is to allow the courts to manage a company experiencing poor leadership. B. Receivership is a situation where a creditor appoints a receiver to seize assets which are the subject of a charge and recover what is owed to him, whereas judicial management is an attempt to rehabilitate a company facing financial problems. C. Receivership is a situation where a creditor applies to the court to seek control of that company, whereas judicial management is a judicial attempt to manage the finances of a company facing financial problems. D. Receivership is a process to liquidate incorporated associations, whereas judicial management is a process to liquidate unincorporated associations