Beachcoffee, a limited company with a chain of cafes in the high street runs into financial difficulties and is unable to honour some of its suppliers' bills. Beachcoffee's bank, InterestBank, knowing of the situation, would like to ask for repayment of its outstanding loans (which benefit from a pledge on the company's premises and also a floating charge) with Beachcoffee. Beachcoffee asks you for advice regarding the different options from a legal perspective to deal with such financial difficulties including advantages and disadvantages of each.