Prohibiting creditors from refinancing residential mortgages unless the creditor determines the refinancing provides a "net tangible benefit" to the borrower, but makes it difficult to know whether lenders are in compliance.
To the contrary, considering the inherently transient nature of intangible property and the practical difficulties in running down creditor-dodging debtors who are unwilling to voluntarily pay their debts, creditors should be given the widest possible latitude to select their forums and shop law so as to satisfy the debts owed to them.
And when a club is in administration it must pay in full its debts to its football creditors - a policy that is opposed by HMRC, which is no longer a preferential creditor and often has to settle for a greatly reduced offer.