England and Wales · Insolvency
Connected floating-charge relevant time. Which source period and facts apply?
Ordinary two-year relevant-time window for a connected holder. Review validity to the limited extent specified by section 245. Connection changes the ordinary lookback and insolvency condition. The charge’s consideration and each statutory onset route still require actual facts.
- Period
- Ordinary two-year relevant-time window for a connected holder
- Trigger
- Actual charge creation, connection and statutory onset
- Rule
- Insolvency Act 1986 section 245
Insolvency Act 1986 section 245. Official primary XML acquired October 9, 2026. The publisher records revision September 29, 2026. The retained XML includes amendment, alternative-text and outstanding-effect annotations. This review establishes the identified source branch and does not certify every historic or uncommenced branch.
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Check the applicable procedure
Insolvency Act 1986 section 245. Ordinary two-year relevant-time window for a connected holder. Connection changes the ordinary lookback and insolvency condition. The charge’s consideration and each statutory onset route still require actual facts. This page requires the actual source branch and completion facts; it currently offers source guidance without an unqualified computed or paid result.
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Connected floating-charge relevant time. Which source period and facts apply?
Ordinary two-year relevant-time window for a connected holder. Review validity to the limited extent specified by section 245. Connection changes the ordinary lookback and insolvency condition. The charge’s consideration and each statutory onset route still require actual facts.
Responsible actor. Administrator or liquidator examining a connected floating-charge holder.
Actual charge creation, connection and statutory onset
Connection changes the ordinary lookback and insolvency condition. The charge’s consideration and each statutory onset route still require actual facts.
Administrator or liquidator examining a connected floating-charge holder. Review validity to the limited extent specified by section 245. Connection changes the ordinary lookback and insolvency condition. The charge’s consideration and each statutory onset route still require actual facts.
Insolvency Act 1986 section 245How does this provision count time?
- Ordinary two-year relevant-time window for a connected holder
- Review validity to the limited extent specified by section 245
- Connection changes the ordinary lookback and insolvency condition. The charge’s consideration and each statutory onset route still require actual facts.
Ordinary two-year relevant-time window for a connected holder. This is a test of the actual transaction or charge date against actual charge creation, connection and statutory onset. Connection changes the ordinary lookback and insolvency condition. The charge’s consideration and each statutory onset route still require actual facts. It does not establish a deadline for completing the office-holder’s court application.
Review validity to the limited extent specified by section 245. A court office closure does not turn this statutory transaction-relevance interval into an application filing period. Connection changes the ordinary lookback and insolvency condition. The charge’s consideration and each statutory onset route still require actual facts. Keep later court filing requirements and the original transaction date separate.
Insolvency Act 1986 section 245Which facts prevent one automatic date?
Insolvency Act 1986 section 245. Ordinary two-year relevant-time window for a connected holder. Connection changes the ordinary lookback and insolvency condition. The charge’s consideration and each statutory onset route still require actual facts. This page requires the actual source branch and completion facts; it currently offers source guidance without an unqualified computed or paid result.
Actual charge creation, connection and statutory onset. The responsible actor is administrator or liquidator examining a connected floating-charge holder. Ordinary two-year relevant-time window for a connected holder. Review validity to the limited extent specified by section 245. Apply this source branch only after its stated prerequisites are established. Connection changes the ordinary lookback and insolvency condition. The charge’s consideration and each statutory onset route still require actual facts.
The actual calendar includes a bank holiday or court closure while administrator or liquidator examining a connected floating-charge holder considers connected floating-charge relevant time. Review validity to the limited extent specified by section 245. A court office closure does not turn this statutory transaction-relevance interval into an application filing period. Connection changes the ordinary lookback and insolvency condition. The charge’s consideration and each statutory onset route still require actual facts. Keep later court filing requirements and the original transaction date separate. Keep the applicable source period and the actual completion or status question separate. Connection changes the ordinary lookback and insolvency condition. The charge’s consideration and each statutory onset route still require actual facts.
Connection changes the ordinary lookback and insolvency condition. The charge’s consideration and each statutory onset route still require actual facts. Connection changes the ordinary lookback and insolvency condition. The charge’s consideration and each statutory onset route still require actual facts. Administrator or liquidator examining a connected floating-charge holder. Review validity to the limited extent specified by section 245. Connection changes the ordinary lookback and insolvency condition. The charge’s consideration and each statutory onset route still require actual facts.
Which conditions and exceptions apply?
- Actual actor and event
- Administrator or liquidator examining a connected floating-charge holder. Actual charge creation, connection and statutory onset.
- Actual required act and material branch
- Review validity to the limited extent specified by section 245. Connection changes the ordinary lookback and insolvency condition. The charge’s consideration and each statutory onset route still require actual facts.
- Administrator or liquidator examining a connected floating-charge holder. Review validity to the limited extent specified by section 245. Connection changes the ordinary lookback and insolvency condition. The charge’s consideration and each statutory onset route still require actual facts.
- Connection changes the ordinary lookback and insolvency condition. The charge’s consideration and each statutory onset route still require actual facts.
What must the responsible actor complete?
Questions about this procedure
Connected floating-charge relevant time. Which source period and facts apply?
What source period applies to connected floating-charge relevant time?
Ordinary two-year relevant-time window for a connected holder. Connection changes the ordinary lookback and insolvency condition. The charge’s consideration and each statutory onset route still require actual facts.
Insolvency Act 1986 section 245Which actual event controls connected floating-charge relevant time?
Actual charge creation, connection and statutory onset. Administrator or liquidator examining a connected floating-charge holder must preserve this event separately from planning, dispatch or an unrelated insolvency milestone. Connection changes the ordinary lookback and insolvency condition. The charge’s consideration and each statutory onset route still require actual facts.
Insolvency Act 1986 section 245What must the responsible actor establish for connected floating-charge relevant time?
Review validity to the limited extent specified by section 245. Connection changes the ordinary lookback and insolvency condition. The charge’s consideration and each statutory onset route still require actual facts.
Insolvency Act 1986 section 245Why does this branch use two years?
Section 245(3)(a) identifies a charge created in favor of a connected person within two years ending with onset. The unconnected ordinary branch is 12 months.
Insolvency Act 1986 section 245Is the unconnected insolvency requirement copied into this branch?
Section 245(4) addresses the unconnected paragraph(3)(b) branch. Do not impose or remove conditions by merely changing the number of months.
Insolvency Act 1986 section 245Does connection eliminate protection for new value?
No. Section 245(2)’s specified new-value and interest protections still apply. Actual consideration must be retained before describing the charge as invalid.
Insolvency Act 1986 section 245Official sources and review
Provisions used (1)
| Provision | Purpose |
|---|---|
| Insolvency Act 1986 section 245 | Check the identified procedure, event, counting rule or qualification |