Q&As

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

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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?

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

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

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