Sonia runs Sonia Inc, a company in which investors have lost confidence. Sonia Inc now is unable to raise funds to continue operating. Sonia has entered into an agreement to assign Sonia Inc to a large creditor, with notice to be given to all of Sonia Incs other creditors. After claims are made, the assets of Sonia Inc are distributed first to creditors with liens on Sonia Incs assets, then to pay costs associated with administration, and third to all priority unsecured creditors This procedure is known as a/an:

• outstanding debt workout.

• lights-out option.

• restructuring lien administration.

• assignment for the benefit of creditors.