by Paul Brindley | Jul 28, 2026 | Creditor, Supplier and Employee Issues
When a director looks at the Companies House register and sees that the bank has a debenture, the natural reaction is often: “The bank is secured over everything, so there’ll be nothing left for anyone else.” That may be true. But often it isn’t. A debenture commonly...
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...
