PART 4Amendments of Insolvency (Northern Ireland) Order 1989
Categories of preferential debts20
1
Article 346 of the Insolvency (Northern Ireland) Order 1989 (categories of preferential debts)27 is amended as follows.
2
In paragraph (1), after “steel production” insert “; deposits covered by the Financial Services Compensation Scheme; other deposits”.
3
After paragraph (1), insert—
1A
A reference in this Order to the “ordinary preferential debts” of a company or an individual is to the preferential debts listed in any of paragraphs 8 to 18 of Schedule 4 to this Order.
1B
A reference in this Order to the “secondary preferential debts” of a company or an individual is to the preferential debts listed in paragraphs 19 or 20 of Schedule 4 to this Order.