Floating Charge for Partnerships/Individuals

Maybe that's the reason - I've never been asked before but that could be it With a company, liability of the members is limited so, on an insolventliquidation, there is a finite amount ofmoney available to settle the creditors' debts Debentures provide the lending creditors with a degree of security For individuals and partnerships there is (as you point out) no limit to the liability of those people However, if a person is declared bankrupt with not sufficient assets to repay their debts, the concept of a debt secured by way of floating charge would seem to be not inappropriate But, whatever I think, it's still not available for individuals and partnerships to secure their debts by way of floating charge security Ok?

Seems logical, thank you.

You're welcome