| 11. | But a floating charge is too convenient a form of security to be lightly abolished.
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| 12. | The one exception to this is floating charge holders.
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| 13. | The floating charge has been described as " one of equity's most brilliant creations ."
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| 14. | It is entirely destructive of the floating charge.
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| 15. | It was held that fees for liquidation came in priority to preferential claims and floating charges.
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| 16. | However there is no separate avoidance regime for voidable floating charges or for extortionate credit transactions.
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| 17. | In certain circumstances, the examiner may dispose of assets which are subject to fixed or floating charges.
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| 18. | Loans on the platform are secured by a combination of personal guarantees and floating charges or debentures.
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| 19. | They took priority over a floating charge.
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| 20. | However, in many jurisdictions, floating charges are required to be registered in order to void for non-registration.
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