Amendment of Part 3 of the Insolvency Rules
27. After rule 3.51 insert—
“Priority of moratorium debts in subsequent administration
3.51A. Where paragraph 64A(1) of Schedule B1 applies, the moratorium debts and priority pre-moratorium debts mentioned in paragraph 64A(2) of that Schedule are payable in the following order of priority—
(a)amounts payable in respect of goods or services supplied during the moratorium under a contract where, but for section 233B(3) or (4)(1), the supplier would not have had to make that supply;
(b)wages or salary arising under a contract of employment, so far as relating to a period of employment before or during the moratorium;
(c)other debts or other liabilities apart from the monitor’s remuneration or expenses; and
(d)the monitor’s remuneration or expenses.”.
Section 233B was inserted by section 14 of the Corporate Insolvency and Governance Act 2020 (c.12).