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Re Spectrum Plus Ltd (In Liquidation)
Corporate Law

Re Spectrum Plus Ltd (In Liquidation)

Dr. Aria Goltry Dr. Aria Goltry 7 min read

Re Spectrum Plus Ltd (In Liquidation) (2005) clarified the distinction between fixed and floating charges. The House of Lords ruled that a charge over book debts allowing the company to use proceeds freely is a floating charge, impacting creditor priorities in insolvency.

Re Spectrum Plus Ltd (In Liquidation) - fixed charge - floating charge - debenture - insolvency
Re Spectrum Plus Ltd (In Liquidation); National Westminster Bank Plc v Spectrum Plus Ltd (In Creditors Voluntary Liquidation)
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