Regulation 112 Non-preferential debts in bankruptcy proceedings

Section 328 (priority of debts)^f1 applies as if in subsection (3A)—

(a)

in paragraph (c), the “and” were omitted;

(b)

after paragraph (d), there were inserted—

“and

(e)
the bankrupt’s tertiary non-preferential debts shall be paid in priority to the bankrupt’s quaternary non-preferential debts.”.

Annotations