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Implications of the Insolvency Act

By: Language: English Series: Estates Gazette ; 284(6357) 24 October 1987, 464-466(2)Publication details: 1987Subject(s): Summary: Examines the impact of the Insolvency Act 1986 on lenders of finance for the acquisition or development of property. One of the aims of the Act is to discourage the taking of fixed charges and so it confers more wide-ranging powers on the holders of floating charges. Discusses the giving of inter-company guarantees and the avoidance of certain types of security.

Examines the impact of the Insolvency Act 1986 on lenders of finance for the acquisition or development of property. One of the aims of the Act is to discourage the taking of fixed charges and so it confers more wide-ranging powers on the holders of floating charges. Discusses the giving of inter-company guarantees and the avoidance of certain types of security.