The Insolvency Act 1986 (Prescribed Part) (Amendment) Order 2020
The Insolvency Act 1986 (Prescribed Part) Order 2003/2097 sets out the method of calculation of the prescribed part and is subject to a limit. The prescribed part is the part of the property of a company that a liquidator, administrator or receiver must reserve for unsecured creditors, under section 176A of the Insolvency Act 1986, and which would otherwise be available to satisfy claims secured by a floating charge.
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Lifecycle
Department
Made
03 Mar 2020
—
In force
06 Apr 2020
Enabling power
The Secretary of State, in exercise of the powers conferred by section 176A of the Insolvency Act 1986, makes the following Order.
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