by Paul Brindley | Jul 18, 2023 | Upsettable Transactions
If you’re not familiar with the lending and insolvency world, the difference between Fixed and Floating Charges over business assets can be confusing. However, a recent High Court ruling in the Avanti Communications case has brought some clarity, though it also...
by Paul Brindley | Aug 21, 2019 | Administration, CVLs, Ethics & Regulation, MVLs
I am often asked what is the order of payout of creditors in a corporate insolvency? Here it is: The ‘Pool’ of assets subject to a fixed charge/fixed charges (i) The fees, costs and expenses incurred by the insolvency practitioner in preserving and then...
