When is a prior ranking floating charge not a prior ranking floating charge?

Research output: Contribution to journalArticle

Abstract / Description of output

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 languageEnglish
Pages (from-to)191-194
Number of pages4
JournalScots Law Times
Volume29
Early online date28 Sept 2020
Publication statusE-pub ahead of print - 28 Sept 2020

Keywords / Materials (for Non-textual outputs)

  • Insolvency law
  • floating charges
  • administration
  • legislation
  • statutory interpretation
  • administrators
  • appointments
  • floating charge holders
  • priorities
  • Scotland

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