# The Insolvency Rules 1986, Rule 2.69: Debts of insolvent company to rank equally


Debts other than preferential debts rank equally between themselves in the administration and, after the preferential debts, shall be paid in full unless the assets are insufficient for meeting them, in which case they abate in equal proportions between themselves.

---
Source: https://www.legislation.gov.uk/uksi/1986/1925/rule/2.69 (the official version)
Page: https://openlegislation.uk/insolvency-rules-1986/rule-2.69
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.