Related Commentary  

386(1)  A reference in this Act to the “preferential debts” of a company or an individual is to the debts listed in Schedule 6 to this Act (contributions to occupational pension schemes; remuneration, &c. of employees; levies on coal and steel production; deposits covered by Financial Services Compensation Scheme; other deposits); and references to preferential creditors are to be read accordingly.

386(1A)  A reference in this Act to the “ordinary preferential debts” of a company or an individual is to the preferential debts listed in any of paragraphs 8 to 15B of Schedule 6 to this Act.

Want to read more?

This content requires a Croner-i Tax and Accounting subscription.

Existing subscriber? Log in

No subscription?

Contact us to discuss your requirements.