Q&As

Are repayments from a loan arrangement paid to a company that is in CVL subject to a fixed or floating charge?

read titleRead full title
Published on LexisPSL on 02/12/2013

The following Restructuring & Insolvency Q&A provides comprehensive and up to date legal information covering:

  • Are repayments from a loan arrangement paid to a company that is in CVL subject to a fixed or floating charge?
  • Charge over receivables?
  • Fixed or floating charge?
  • When did it crystallise?
  • When was the charge entered?

Charge over receivables?

One factor will be the specific terms of the fixed or floating charge and whether it covers repayments under a loan agreement (ie receivables). Questions to ask are whether the charge covers receivables, and if these fall under the floating charge (rather than fixed charge), then ask whether sufficient control has been exercised—see Practice Note: Taking secu

Related documents:

Popular documents