PART 2Amendments of Insolvency Act 1986
Categories of preferential debts8
1
Section 38615 of the Insolvency Act 1986 (categories of preferential debts) is amended as follows.
2
In subsection (1), after “Compensation Scheme”, insert “; other deposits”.
3
After subsection (1), insert—
1A
A reference in this Act to the “ordinary preferential debts” of a company or an individual is to the preferential debts listed in any of paragraphs 8 to 15B of Schedule 6 to this Act.
1B
A reference in this Act to the “secondary preferential debts” of a company or an individual is to the preferential debts listed in paragraph 15BA or 15BB of Schedule 6 to this Act.
4
In subsection (2), for “that Schedule” substitute “Schedule 6”.