 If a company had granted a floating charge the court may not make an administration order without the consent of the holder.A company may also enter into a scheme of arrangement whereby a compromise between the company and its creditors may be sanctioned by the court if approved by 75% in value and a majority in number of the company's creditors.For both personal and corporate bankruptcy, the Insolvency Act provides that certain transactions entered into in the "twilight" period prior to bankruptcy may be challenged by a liquidator by application to the court.