In law, a voidable floating charge refers to a floating charge entered into shortly prior to the company going into liquidation which is void or unenforceable in whole or in part under applicable insolvency legislation. Generally speaking, a floating charge is only potentially vulnerable if it is entered into within the vulnerability period under applicable law.
In law, a voidable floating charge refers to a floating charge entered into shortly prior to the company going into liquidation which is void or unenforceable in whole or in part under applicable insolvency legislation. Generally speaking, a floating charge is only potentially vulnerable if it is entered into within the vulnerability period under applicable law.
Source: Wikipedia "Voidable floating charge" · CC BY-SA 4.0
Share this article: X · Bluesky