{
  "url": "https://openlegislation.uk/corporate-insolvency-and-governance-act-2020/schedule-7/paragraph-27",
  "json_url": "https://openlegislation.uk/corporate-insolvency-and-governance-act-2020/schedule-7/paragraph-27.json",
  "legislation": "ukpga/2020/12",
  "legislation_title": "Corporate Insolvency and Governance Act 2020",
  "legislation_url": "https://openlegislation.uk/corporate-insolvency-and-governance-act-2020",
  "path": "schedule/7/paragraph/27",
  "kind": "paragraph",
  "number": "27",
  "heading": null,
  "text": "(1) Schedule B1 (administration) is amended as follows.\n(2) Omit paragraph 25.\n(3) Before paragraph 66 (but after the italic heading “Distribution”) insert—\n“65A (1) This paragraph applies where a company enters administration before the end of the period of 12 weeks beginning with the day after the end of any moratorium under Part 1A.\n(2) The administrator must make a distribution to the creditors of the company in respect of—\n(a) moratorium debts (within the meaning given by Article 148A), and\n(b) priority pre-moratorium debts (within the meaning given by Article 148A).\n(3) A sum payable under sub-paragraph (2) is to be paid in priority to—\n(a) any security to which paragraph 71 applies;\n(b) any sums payable under paragraph 100.\n(4) The administrator must realise any property necessary to comply with sub-paragraph (2).\n(5) The rules may make provision as to the order in which the moratorium and priority pre-moratorium debts rank among themselves for the purposes of this paragraph in a case where the assets of the company are insufficient to meet them in full.”\n(4) In paragraph 66, for sub-paragraph (1) substitute—\n“(1) If the assets of a company are sufficient to meet any debts or other liabilities payable under paragraph 65A in full, the administrator of the company may make a distribution to any other creditor of the company.”\n(5) In paragraph 67, for “The administrator of a company” substitute “ If the debts or other liabilities payable under paragraph 65A have been met, the administrator of a company ”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [
    {
      "type": "omitted",
      "affecting": "nia/2026/6",
      "affecting_title": "Insolvency (Amendment) Act (Northern Ireland) 2026"
    },
    {
      "type": "omitted",
      "affecting": "nia/2026/6",
      "affecting_title": "Insolvency (Amendment) Act (Northern Ireland) 2026"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2020/12/schedule/7/paragraph/27",
    "retrieved_at": "2026-10-29T09:01:47.513893+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}