# Insolvency Act 1986, Paragraph 65

Extent: E+W+S

(1) If the assets of a company are sufficient to meet any debts or other liabilities payable under paragraph 64A in full, the administrator of the company may make a distribution to any other creditor of the company.
(2) Sections 175 and 176AZA shall apply in relation to a distribution under this paragraph as they apply in relation to a winding up.
(3) A payment may not be made by way of distribution under this paragraph to a creditor of the company who is neither secured nor preferential unless—
(a) the distribution is made by virtue of section 176A(2)(a), or
(b) the court gives permission.

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Source: https://www.legislation.gov.uk/ukpga/1986/45/schedule/B1/paragraph/65 (the official version)
Page: https://openlegislation.uk/insolvency-act-1986/schedule-B1/paragraph-65
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.