Which of the following actions is not an option for the lender when the borrower...
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Accounting
Which of the following actions is not an option for the lender when the borrower is in default?
Multiple Choice
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Modify the payment schedule in exchange for an increased interest rate or additional collateral, such as receivables, inventory, or equipment.
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Contact the borrowers customers and collect their receivables.
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Petition a court to judge the borrower insolvent.
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Adjust the loan payment schedule to better suit the companys anticipated operating cash flows.
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