PART 2Amendments of Insolvency Act 1986
Categories of preferential debts8.
(1)
Section 38615 of the Insolvency Act 1986 (categories of preferential debts) is amended as follows.
(2)
In subsection (1), after “Compensation Scheme”, insert “; other deposits”.
(3)
After subsection (1), insert—
“(1A)
A reference in this Act to the “ordinary preferential debts” of a company or an individual is to the preferential debts listed in any of paragraphs 8 to 15B of Schedule 6 to this Act.
(1B)
A reference in this Act to the “secondary preferential debts” of a company or an individual is to the preferential debts listed in paragraph 15BA or 15BB of Schedule 6 to this Act.”.
(4)
In subsection (2), for “that Schedule” substitute “Schedule 6”.