PART 4 U.K.Amendments of Insolvency (Northern Ireland) Order 1989

Categories of preferential debts U.K.

20.—(1) Article 346 of the Insolvency (Northern Ireland) Order 1989 (categories of preferential debts)(1) is amended as follows.

(2) In paragraph (1), after “steel production” insert “; deposits covered by the Financial Services Compensation Scheme; other deposits”.

(3) After paragraph (1), insert—

“(1A) A reference in this Order to the “ordinary preferential debts” of a company or an individual is to the preferential debts listed in any of paragraphs 8 to 18 of Schedule 4 to this Order.

(1B) A reference in this Order to the “secondary preferential debts” of a company or an individual is to the preferential debts listed in paragraphs 19 or 20 of Schedule 4 to this Order.”.

Commencement Information

I1 Art. 20 in force at 1.1.2015, see art. 1(2)

(1)

Article 346 was amended by S.I. 2005/1455 (N.I. 10).