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