# Corporate Insolvency and Governance Act 2020, Paragraph 42


(1) Where section 174A of the Insolvency Act 1986 applies, the moratorium debts and pre-moratorium debts mentioned in subsection (2)(b) of that section 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) of that Act, the supplier would not have had to make that supply;
(b) wages or salary arising under a contract of employment;
(c) other debts or other liabilities apart from the monitor's remuneration or expenses;
(d) the monitor's remuneration or expenses.
(2) In this paragraph “wages or salary” has the same meaning as in section A18 of the Insolvency Act 1986.

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Source: https://www.legislation.gov.uk/ukpga/2020/12/schedule/4/paragraph/42 (the official version)
Page: https://openlegislation.uk/corporate-insolvency-and-governance-act-2020/schedule-4/paragraph-42
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.

