Article 13 Amendments of Schedule 2 to the Insolvent Partnerships Order 1994

omit the “or” at the end of paragraph (b);

after paragraph (b) insert—

“(bb)

would result in an ordinary preferential debt of the partnership being paid otherwise than in priority to any secondary preferential debts that it may have,”;

in paragraph (c), for “his debt” substitute “an ordinary preferential debt”;

at the end of paragraph (c), insert—

“or

(d)

would result in one preferential creditor of the partnership being paid a smaller proportion of a secondary preferential debt than another.”.