A type of security for lenders. Legal charges are secured against assets or property.
Glossary
Joint Liability
When there is more than one party that has entered into credit agreements, each party […]
Interim Order
An interim order protects a person who is proposing an Individual Voluntary Arrangement (IVA) from […]
Income Payments Order
An agreement between a bankrupt and their trustee (Insolvency Practitioner). The bankrupt is ordered to […]
Her Majesty’s Revenue & Customs
The government department responsible for regulating and collecting customs duties and taxes such as VAT, […]
Going Concern
Going concern is a statement based on an assumption that is made regarding the viability […]
