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Distress for rates and crystallisation of the floating charge

By: Language: English Series: Solicitors` Journal ; 138(15) 22 April 1994, 394-396(2)Publication details: 1994Subject(s): Summary: Examines recent insolvency case law, in particular the decision over whether a local authority with a power of distress to collect business rates may exercise that power over goods subject to a floating charge.

Examines recent insolvency case law, in particular the decision over whether a local authority with a power of distress to collect business rates may exercise that power over goods subject to a floating charge.