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Rule 4.21A Expenses of voluntary arrangementF1

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Where a winding-up order is made and there is at the time of the presentation of the petition in force for the company a voluntary arrangement under Part I of the Act, any expenses properly incurred as expenses of the administration of the arrangement in question shall be a first charge on the company’s assets.

Annotations

Textual amendments

F1

Rule 4.21A inserted (11.1.1988 with application in accordance with rule 3(1)(2)) by The Insolvency (Amendment) Rules 1987 (S.I. 1987/1919), rule 1, Sch. para. 39