# Insolvency Act 1986, Section 386: Categories of preferential debts.

Extent: E+W+S

(1) A reference in this Act to the preferential debts of a company or an individual is to the debts listed in Schedule 6 to this Act (contributions to occupational pension schemes; remuneration, &c. of employees; levies on coal and steel production ; debts owed to the Financial Services Compensation Scheme ; deposits covered by Financial Services Compensation Scheme ; other deposits ; certain HMRC debts); and references to preferential creditors are to be read accordingly.
(1A) A reference in this Act to the “ordinary preferential debts” of a company or an individual is to the preferential debts listed in any of paragraphs 8 to 15B of Schedule 6 to this Act.
(1B) A reference in this Act to the “secondary preferential debts” of a company or an individual is to the preferential debts listed in paragraph 15BA , 15BB or 15D of Schedule 6 to this Act.
(2) In Schedule 6 “the debtor” means the company or the individual concerned.
(3) Schedule 6 is to be read with Schedule 4 to the Pension Schemes Act 1993 (occupational pension scheme contributions).

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Source: https://www.legislation.gov.uk/ukpga/1986/45/section/386 (the official version)
Page: https://openlegislation.uk/insolvency-act-1986/section-386
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.