Re Yeovil Glove Co Ltd
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Re Yeovil Glove Co Ltd [1965] Ch 148 is a leading UK insolvency law case, concerning voidable floating charges for past value. It holds that a floating charge can harden (or crystallise) when it secures a debt in an overdraft account, when the bank keeps the facility open as a company takes money out and puts money in.
Quick Facts Re Yeovil Glove Co Ltd, Court ...
Re Yeovil Glove Co Ltd | |
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Court | High Court |
Citation | [1965] Ch 148 |
Court membership | |
Judges sitting | Willmer LJ Harman LJ Russell LJ |
Keywords | |
Voidable preference, undervalue transaction |
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