Abstract
Discusses the appointment of administrators under the Insolvency Act 1986 Sch.B1, as introduced by the Enterprise Act 2002, and considers the issue created where more than one creditor is a floating charge holder over the assets of a debtor company. Examines the rules governing the ranking of floating charges under the Companies Act 1985 s.464. Highlights the impact of the Scottish specific provision under Sch.B1 para.15 of the 1986 Act.
| Original language | English |
|---|---|
| Pages (from-to) | 191-194 |
| Number of pages | 4 |
| Journal | Scots Law Times |
| Volume | 29 |
| Early online date | 28 Sep 2020 |
| Publication status | E-pub ahead of print - 28 Sep 2020 |
Keywords
- Insolvency law
- floating charges
- administration
- legislation
- statutory interpretation
- administrators
- appointments
- floating charge holders
- priorities
- Scotland