Security & Collateral · glossary
The person appointed to wind up a failed company: to sell its assets and pay its creditors in the order the law sets. A charge not filed at Companies House within 21 days is void against a liquidator (section 859H), and the Bank would be an unsecured creditor. Chapter 1 · Chapter 6
Explained in Chapter 1, What Security Is For, of Security & Collateral.
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