ABSTRACT
In the event of default on the part of a company in satisfying the terms of a debenture, the debentureholder will have one or more remedies available against the company. The availability of remedies depends upon the status of the debentureholder. An unsecured creditor may sue the company for (re)payment or petition for the appointment of a judicial factor (see para 14.7) or possibly for a compulsory winding-up (see Chapter 23, below).
