Preferential debts definition

Preferential debts means the debts specified in the Preferential Payments Act 1908.
Preferential debts means the categories of debts described in section 227 (preferential debts) of the Insolvency Regulations 2015.
Preferential debts means Companies Act preferential debts and Employment Act preferential debts.”;

Examples of Preferential debts in a sentence

  • Preferential debts of the insolvency assets can also be settled from the proceeds of secured assets, if the creditor proves that its claims results from a performance during the reorganisationproceedings which allowed the preservation of the secured assets.

  • Preferential debts are expressly subordinate to insurance claims against the assets representing the technical provisions of the Issuer pursuant to Part 18 of the 2015 Regulations which are discussed at 2B(i) above.

  • Preferential debts of the Issuer will therefore have priority over unsecured debts including the debt due on the Notes.

  • Preferential debts include specified amounts owing to employees, the Inland Revenue Department and certain lien holders.

  • A Type 2 Integrated ROW Pole should only be located where an existing Pole can be removed and replaced, or at a new location where it has been identified that a streetlight is necessary.


More Definitions of Preferential debts

Preferential debts. ' means the categories of debts listed in sec- tion 367 and for the purposes of that section ''the relevant date'' is the date of possession being taken as above mentioned.'
Preferential debts means the categories of debts listed in Schedule 6 to the Insolvency Act 1986 (c. 45) or Schedule 4 to the Insolvency (Northern Ireland) Order 1989 (S.I. 1989/2405 (N.I. 19)).
Preferential debts means the categories of debts listed in Schedule 6 to the Insolvency Act; and for the purposes of that Schedule “the relevant date” is the date of possession being taken as above mentioned.
Preferential debts means the debts of the Debtor specified in Part IV which fall within the meaning of 'preferential debts' as that term is defined in section 67(4);
Preferential debts as interpreted in Section 386 of the Insolvency Act 1986 of England and Wales and listed in Schedule 6 of that Act.
Preferential debts means the debts referred to in section 12 (4), (5) and (6) ;
Preferential debts has the meaning specified in Section 386 of the Insolvency Act of 1986 of the United Kingdom.