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Section 183(1)

IA 1986
Insolvency Act 1986 · United Kingdom

Where a creditor has issued execution against the goods or land of a company or has attached any debt due to it, and the company is subsequently wound up, he is not entitled to retain the beneift of the execution or attachment against the liquidator unless he has completed the execution or attachment before the commencement of the winding up.

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