PART 3Amendments of Insolvent Partnerships Order 1994
Amendments of Schedule 4 to the Insolvent Partnerships Order 1994I114
1
Paragraph 23 of Schedule 4 to the Insolvent Partnerships Order 1994 (provisions of the Insolvency Act 198623 which apply with modifications for the purposes of article 8 to winding up of insolvent partnership on creditor’s petition where concurrent petitions are presented against one or more members) is amended as follows.
2
In modified section 175A(2) (priority of debts in joint estate), for paragraph (a) substitute—
a
the ordinary preferential debts;
aa
the secondary preferential debts;
3
In modified sections 175A(4), 175A(5), 175A(6) and 175B(2), for “paragraphs (a) and (b)” substitute “paragraphs (a), (aa) and (b)”.
4
In modified section 175B(1) (priority of debts in separate estate), for paragraph (a) substitute—
a
the ordinary preferential debts;
aa
the secondary preferential debts;