119 Application of proceeds of office-holder claims
Small Business, Enterprise and Employment Act 2015 (2015 c 26) | Legislation

119  Application of proceeds of office-holder claims

After section 176ZA of the Insolvency Act 1986 insert—

“176ZB Application of proceeds of office-holder claims

(1)     This section applies where—

(a)     there is a floating charge (whether created before or after the coming into force of this section) which relates to property of a company which—

(i)     is in administration, or

(ii)     has gone

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