Regulation 118 Non-preferential debts in bankruptcy proceedings

Article 300 (priority of debts)^f1 applies as if in paragraph (3A)—

(a)

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

(b)

after sub-paragraph (d) there were inserted—

“and

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

Annotations