The Cider ahouse Rules Essay Example | Topics and Well Written Essays - 500 words

The Cider ahouse Rules - Essay Example The movie contains many poignant and touching moments in it that lend itself for psychological analysis. For example, from a developmental psychology viewpoint, the fact that Homer is returned twice to the orphanage was bound to leave deep scars on the formative psyche of the young boy, who would struggle to form lasting attachments to other humans as a consequence. Also, the manner in which he was treated by these couples was also abusive to a degree. These abusive relationships interrupt Homer Wells’ proper psychological development as is evident from further events in the story. The relationship between Dr. Larch (played by Michael Caine) and young Homer needs to be studied in the afore-mentioned context. Despite getting trained to perform abortions (under the tutelage of Dr. Larch) Homer personally disapproves of the practice. This comes to a dramatic fore when he is faced with a situation in which Erykah (the daughter of Mr. Rose) comes to him for abortion. But considerin g that Erykah was forcefully and incestuously impregnated by her own father, Homer makes an exception to his usual rule and performs the operation. The true character of Homer’s psychological makeup further comes to light when he resorts to kill Mr. Rose in order to prevent Erykah getting raped again.

Discuss critically the role of secured creditors in business Essay

Discuss critically the role of secured creditors in business insolvency - Essay Example The security grant provided to the creditors is entirely dependent upon the whether the debtor is able to conform to the loan covenants. In case, the debtor is not in default, the creditor does not have control on the security3. However, if the debtor is in default, the creditor has complete control on the collateral, subject to any limitations imposed by insolvency law. Additionally, the secured creditor gets priority at time of settlement from the sale of security compared to other creditors. If one sees it with a creditor’s point of view, the provision of collateral reduces the default risk of creditor and in return, the debtor expects some valuable terms of loan, which create flexibility for debtor in repayment. One of the valuable terms is less interest payment on secured credit than an unsecured credit4. The priority given to secured creditors in repayment create a less advantageous situation for unsecured creditors, which does not allow them to agree on flexible terms i n loan. This often leads to consensus on a higher interest rate in case of unsecured loan. If all these terms are seen with the eyes of a debtor, both secured and unsecured creditors try to reduce their risk by agreeing on particular terms of loan. In one case, there is a grant of security with a reduced interest on loan; in another, there is a higher rate of interest on compensating for no security and less priority. There has always been debate over this matter in the literature and it suggests the debtor not bother much while choosing between the two. History US federal bankruptcy law offers two choices for formal bankruptcy, which are Chapter 7 or Chapter 115. Chapter 7 involves the transfer of control of the firm to a creditor-appointed trustee. In Chapter 11, the debtor’s management usually remains in control of firm during the proceedings. Earlier, debtors had more control in the proceedings of insolvency, which the creditors noticed and did not prefer6. This later led creditors to come up with more strict contracts regarding provision of finance in Chapter 11, which shifted a significant control to the creditors from debtors. Despite this control, chapter 11 is weaker when compared to Recent UK Bankruptcy situations enjoyed by secured creditors. English insolvency law did not factually enforce a stay on the implementation of secured claims. This allowed a secured creditor having an all-encompassing security interest, commonly known in UK as a ‘floating charge’—to impose against the entireness of the debtor firm’s assets. In effect, the floating charge holder (FCH) led to a private liquidation, known as an ‘administrative receivership’ (or ‘receivership’ for short)7. When a company is financially distraught, a secured creditor or court takes the company into receivership. A company is in receivership when a secured creditor or a court appoints a receiver who can control all the assets of the co mpany. The appointment of receiver comes under the security of fixed charge such as land, plan, machinery, equipment etc. It also comes under the security of floating charge such as cash and stock. The receiver can also have right to manage the company matters subject to terms of