Debt financing

0.0(0)
studied byStudied by 0 people
learnLearn
examPractice Test
spaced repetitionSpaced Repetition
heart puzzleMatch
flashcardsFlashcards
Card Sorting

1/3

encourage image

There's no tags or description

Looks like no tags are added yet.

Study Analytics
Name
Mastery
Learn
Test
Matching
Spaced

No study sessions yet.

4 Terms

1
New cards

Re Yorkshire Woolcombers

  • If a charge has the following characteristics it is a floating charge

  • 1. Charge on a certain class of assets

  • 2. Class would change from time to time in the ordinary course of business

  • The company may carry on it's business in the ordinary way in relation to that class of asset

2
New cards

Bankruptcy and Diligence (Scotland) Act

  • Crystallisation may only take place after winding up commenced or appointment of administrative receiver, company ceasing to carry on business

3
New cards

Registration of charges

21 days to register or will be a unsecured loan

4
New cards

Priority

  • Fixed

  • Liquidation Expenses

  • Preferential debts (Employee claims, pension schemes, tax liabilities)

  • Floating charge holders