SECURED DEBENTURE ENFORCEMENT-MYTHS AND THE REALITIES
Authors:
OLANREWAJU Pius
Publication Type: Journal article
Journal:
ISSN Number:
0
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Abstract
It is a truism that debenture is potentially the most secure of all known company securities. A secured debenture provides a solid base for business activities and gives the necessary assurances to creditors providing the most required capital for company operations. The main purpose of this paper is to elucidate on the concept of debenture, highlight on the ‘modus operandi’ of taking a debenture and demystify the myths surrounding the enforcement of secured debenture. This will go a long way to ameliorate the numerous problems associated with securities for lending which amongst other things precipitate the present global financial crisis