Priority of charges and registration
You'll learn how charges are prioritised when a company is wound up and why registration timing matters for protecting your security.
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In this lesson
- 0:00 Charge priority and ranking rules
- 0:50 Floating charges and registration requirements
- 2:34 Negative pledge clauses explained
- 3:47 Exam question on floating charge definition
About this lesson
This lesson covers the hierarchy of fixed and floating charges, the critical 21-day registration deadline, and how negative pledge clauses can protect floating charge holders from being overtaken by later fixed charges. Understanding charge priority is essential for Corporate and Business Law (LW) and helps you advise on secured lending and insolvency scenarios with confidence.
Duration: 5m
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