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Technical Short: Preferential Creditors in Insolvency

With the restoration of HMRC to preferential status in insolvency appointments on or after 1 December 2020, we take a detailed look at the revised legislation and the consequential changes. What now constitutes a preferential claim and what is the difference between ordinary prefs and secondary prefs?

Description

With the restoration of HMRC to preferential status in insolvency appointments on or after 1 December 2020, we take a detailed look at the revised legislation and the consequential changes. What now constitutes a preferential claim and what is the difference between ordinary prefs and secondary prefs?
 
In this webinar we will examine in detail the revised ranking, the definition of arrears of wages, the treatment of protective awards in insolvency, and how to calculate a preferential subrogated claim for arrears of wages.  We will also look at HMRC’s current approach in their capacity as secondary preferential creditor.
 
It’s an action-packed hour on all things preferential!

CPD Learning Outcomes

  • A detailed examination of the statutory requirements in this area
  • The differences between ordinary and secondary preferential status
  • Definition of arrears of wages
  • Treatment of protective awards in insolvency
  • How to calculate a subrogated preferential claim for arrears of wages 
  • Application of SIP 14
  • HMRC as preferential creditor

Who Should Attend

This session is suitable for anyone looking for an update or fresh approach to the subject, as well as anyone who would benefit from an in depth introduction to or a refresher in dealing with preferential creditors.

Cost

£50 + VAT per person

Webinar fee includes electronic version of course documentation. 

50% reduction for every third one hour session you book.

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