- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Pwynt Penodol mewn Amser (18/11/2015)
- Gwreiddiol (a wnaed Fel)
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The Insolvency (Northern Ireland) Order 1989, Section 301 is up to date with all changes known to be in force on or before 04 September 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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301.—[F1(1) Paragraph (1A) applies where—
(a)any person has distrained upon the goods or effects of an individual who is adjudged bankrupt within 3 months from the distraint, or
(b)Her Majesty's Revenue and Customs has been paid any amount from an account of an individual under Part 1 of Schedule 8 to the Finance (No. 2) Act 2015 (enforcement by deduction from accounts) and the individual is adjudged bankrupt within 3 months from the payment.
(1A) Where this paragraph applies—
(a)in a case within paragraph (1)(a), the goods or effects, or the proceeds of their sale, and
(b)in a case within paragraph (1)(b), the amount in question,
is charged for the benefit of the bankrupt's estate with the preferential debts of the bankrupt to the extent that the bankrupt's estate is for the time being insufficient for meeting them.]
(2) Where by virtue of a charge under paragraph [F2(1A)] any person surrenders any goods or effects to the trustee of a bankrupt's estate or makes a payment to such a trustee, that person ranks, in respect of the amount of the proceeds of the sale of those goods or effects by the trustee or (as the case may be) the amount of the payment, as a preferential creditor of the bankrupt, except as against so much of the bankrupt's estate as is available for the payment of preferential creditors by virtue of the surrender or payment.
F1Art. 301(1)(1A) substituted for art. 301(1) (18.11.2015) by Finance (No. 2) Act 2015 (c. 33), Sch. 8 para. 39(2)
F2Word in art. 301(2) substituted (18.11.2015) by Finance (No. 2) Act 2015 (c. 33), Sch. 8 para. 39(3)
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