Section 175(1B)

Secondary preferential debts rank equally among themselves after the ordinary preferential debts and shall be paid in full, unless the assets are insufficient to meet them, in which case they abate in equal proportions.

← 1A · All articles · 2 →

Source: legislation.gov.uk · retrieved 2026-09-04 · Text as consolidated on 2026-07-16; changes after this date are not shown.