Schedule B1, paragraph 98(3)

For the purposes of sub-paragraph (2)(ba), the “relevant creditors” of a company are— each secured creditor of the company, or if the administrator has made a distribution to preferential creditors or thinks that a distribution may be made to preferential creditors— each secured creditor of the company, and the preferential creditors of the company.

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Source: legislation.gov.uk · retrieved 2026-09-04