The creditor has a charging order and has sent in HCEO.In turn they have siezed assets and want to return to remove same and sell.However the bank has a fixed and floating charge - in part demonstrating (listing) majority of the assets seized are caught by the debenture - the charge/debenture being 18 months prior to the charging order.Under such circumstance the HCEO cannot take those goods - is that correct?
Have you contacted the bank?
No and possibly not wise to at the moment
You are correct in your understanding. However, when the officers turned up you should've wafted the debenture in front of their noses. If they turn again, you should do that again however meanwhile you should this fax them and post them a copy of the debenture with a covering letter.
Can I help further?
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The thread remains open. Thanks
Conceited - by that's what I expected comment- made me smile.
I am asking on behalf of a client - there aretimes in life where a second opinion is useful/helpful.
Ps would be even more impressed if you wereLord Denning, sadly I am only Lord-Castle rather than Lord Castle.
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