Amendments of Schedule 4 to the Insolvent Partnerships Order 1994U.K.
14.—(1) Paragraph 23 of Schedule 4 to the Insolvent Partnerships Order 1994 (provisions of the Insolvency Act 1986(1) which apply with modifications for the purposes of article 8 to winding up of insolvent partnership on creditor’s petition where concurrent petitions are presented against one or more members) is amended as follows.
(2) In modified section 175A(2) (priority of debts in joint estate), for paragraph (a) substitute—
“(a)the ordinary preferential debts;
(aa)the secondary preferential debts;”.
(3) In modified sections 175A(4), 175A(5), 175A(6) and 175B(2), for “paragraphs (a) and (b)” substitute “paragraphs (a), (aa) and (b)”.
(4) In modified section 175B(1) (priority of debts in separate estate), for paragraph (a) substitute—
“(a)the ordinary preferential debts;
(aa)the secondary preferential debts;”.
Commencement Information
I1Art. 14 in force at 1.1.2015, see art. 1(2)
Schedule 4 to S.I. 1994/2421 has been amended, but those amendments are not relevant to this Order.