Aitch Ltd went into liquidation with the following assets and liabilities. How much will the floating charge creditor receive?

To determine how much a floating charge creditor would receive upon the liquidation of Aitch Ltd, it's essential to understand the ranking and priorities of creditors in this context. Floating charges are a type of security interest that provides creditors with a claim over a company's assets, but only upon the occurrence of specific events, such as liquidation.

In liquidation, floating charge creditors rank behind fixed charge creditors but ahead of unsecured creditors. It's important to evaluate the assets available for distribution and the claims of all relevant creditors.

In this scenario, if the assets of Aitch Ltd total £317,000 and there are insufficient funds to fully satisfy the fixed charge creditors, the floating charge creditors would receive payment from what remains once those fixed charges are settled. This amount directly correlates with the calculated distribution of the available assets after fulfilling higher-priority claims.

Therefore, if £317,000 is the net amount available for distribution after satisfying any applicable higher claims, this would logically be the amount that the floating charge creditor can recover in the liquidation process. This value reflects their entitlement under the established legal framework governing creditor priorities in insolvency situations.