The Insolvency (Northern Ireland) Order 1989 No. 2405 (NI. 19)

PART IX N.I. BANKRUPTCY

Modifications etc. (not altering text)

C1 Pts. VIII-X (arts. 209-345) modified by Foyle Fisheries Act (Northern Ireland) 1952 (c. 5), s. 52K(2) (as inserted (prosp.) by Foyle and Carlingford Fisheries (Northern Ireland) Order 2007 (S.I. 2007/915 (N.I. 9)), arts. 1(3), 3(1) (with art. 32))

CHAPTER IV N.I. ADMINISTRATION BY TRUSTEE

Distribution of bankrupt's estate N.I.

Debts to spouse[F1 or civil partner] N.I.

302.—(1) This Article applies to bankruptcy debts owed in respect of credit provided by a person who (whether or not the bankrupt's spouse [F1 or civil partner] at the time the credit was provided) was the bankrupt's spouse[F1 or civil partner] at the commencement of the bankruptcy.

(2) Such debts—

(a) rank in priority after the debts and interest required to be paid in pursuance of Article 300(3) and (4), and

(b) are payable with interest at the rate specified in Article 300(5) in respect of the period during which they have been outstanding since the commencement of the bankruptcy;

and the interest payable under sub‐paragraph (b) has the same priority as the debts on which it is payable.

F1 2004 c. 33