# The Insolvency (Northern Ireland) Order 1989, Paragraph 65A


(1) This paragraph applies where a company enters administration before the end of the period of 12 weeks beginning with the day after the end of any moratorium under Part 1A.
(2) The administrator must make a distribution to the creditors of the company in respect of—
(a) moratorium debts (within the meaning given by Article 148A), and
(b) priority pre-moratorium debts (within the meaning given by Article 148A).
(3) A sum payable under sub-paragraph (2) is to be paid in priority to—
(a) any security to which paragraph 71 applies;
(b) any sums payable under paragraph 100.
(4) The administrator must realise any property necessary to comply with sub-paragraph (2).
(5) The rules may make provision as to the order in which the moratorium and priority pre-moratorium debts rank among themselves for the purposes of this paragraph in a case where the assets of the company are insufficient to meet them in full.

---
Source: https://www.legislation.gov.uk/nisi/1989/2405/schedule/B1/paragraph/65A (the official version)
Page: https://openlegislation.uk/insolvency-northern-ireland-order-1989/schedule-B1/paragraph-65A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.