SCHEDULES
C1SCHEDULE 4THE CATEGORIES OF PREFERENTIAL DEBTS
Annotations:
Modifications etc. (not altering text)
Category 5: Remuneration, etc., of employees
11
So much of any sum owed in respect of money advanced for the purpose as has been applied for the payment of a debt which, if it had not been paid, would have been a debt falling within paragraph 9 or 10.
Sch. 4 applied (with modifications) (4.1.2024) by S.I. 2021/716, reg. 37A (as inserted by The Payment and Electronic Money Institution Insolvency (Amendment) Regulations 2023 (S.I. 2023/1399), regs. 1(2), 12)