A new mix of rights for creditors
Series: Estates Gazette ; (0141) 13 October 2001, 176(2)Publication details: 2001Subject(s): Summary: Discusses the details of government's White Paper on Insolvency which was published on 31 July. It proposes to shift the balance of rights between an insolvent company and its various creditors. There is to be an attack on the concept of administrative receivership and the abolition of the right of the holder of a floating charge to appoint an administrative receiver. The white paper conceedes that the proposals will result in increased costs and lenders may be unable to borrow as much as before. Argues these proceedures need to be streamlined.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS64654 (Browse shelf(Opens below)) | 1 | Available | 115167-1001 |
Discusses the details of government's White Paper on Insolvency which was published on 31 July. It proposes to shift the balance of rights between an insolvent company and its various creditors. There is to be an attack on the concept of administrative receivership and the abolition of the right of the holder of a floating charge to appoint an administrative receiver. The white paper conceedes that the proposals will result in increased costs and lenders may be unable to borrow as much as before. Argues these proceedures need to be streamlined.