SCHEDULE 3PREFERRED DEBTS

PART 1List of preferred debts

2Remuneration of employees etc.

1

So much of any amount which—

a

is owed by the debtor to a person who is or has been an employee of the debtor, and

b

is payable by way of remuneration in respect of the whole or any part of the 4 months which immediately precedes the relevant date,

as does not exceed the prescribed amount.

2

An amount owed by way of accrued holiday remuneration, in respect of any period of employment before the relevant date, to a person whose employment by the debtor has been terminated (whether before, on or after that date).

3

So much of any amount owed in respect of money advanced for the purpose as has been applied for the payment of a debt which, if it had not been paid, would have been a debt falling within sub-paragraph (1) or (2).