Welcome to Francis Wilks & Jones, one of the country’s leading experts in the field of debentures. We advise both funders and borrowers on all issues relating to debentures. Whatever your enquiry, please contact one of our friendly team of advisers on 020 7841 0390 and we will be happy to take your call.
Debentures are an instrument available to lenders to businesses, allowing them to secure loans against a business borrower’s assets. Put simply, a debenture is a document that grants lenders a charge over a borrower’s assets, giving them a means of collecting the debt if the borrower defaults. Debentures are commonly used by lenders and contain both fixed and floating charges to secure lending to companies.
2. Debenture advantages and disadvantages
Our experts at Francis Wilks & Jones can provide businesses and lenders advice on debentures advantages and disadvantages. There are many advantages and disadvantages of debentures, both from the point of view of the company and lenders. As leading insolvency lawyers we are experts on debentures advantages and disadvantages.
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3. What is a debenture charge?
What is a debenture charge? Is your company not sure whether you will be able to deal with a debenture charge and whether the debenture charge is a floating charge or a fixed charge?
4. Debentures - Fixed Charges and Floating Charges
A debenture will contain fixed and floating charges to secure borrowing by a company. Such borrowing is often provided under a loan agreement and secured by a debenture issued by the company. We have experts who can provide you with all the legal advice to assist you with any question you have in relation to fixed and floating charges.
5. Registration of debentures
For a lender to enforce its security under a debenture it must ensure that the debenture is registered at the Companies House within 21 days of creating it. If the debenture is not registered then the lender will not be able to enforce its security in the event that the borrower defaults in making a repayment as required in the underlying loan document.