Schedule 7, paragraph 17(3)

In paragraph (2)(b) “priority pre-moratorium debt” means— any pre-moratorium debt that is payable in respect of— the monitor's remuneration or expenses, goods or services supplied during the moratorium, rent in respect of a period during the moratorium, or wages or salary arising under a contract of employment, so far as relating to a period of employment before or during the moratorium, any pre-moratorium debt that— consists of a liability to make a redundancy payment, and fell due before or during the moratorium, and any pre-moratorium debt that— arises under a contract or other instrument involving financial services, fell due before or during the moratorium, and is not relevant accelerated debt (see paragraph (4)).

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