In Re FJL Realisations Ltd: ChD 2 Mar 2000

Administrators took on new employees during the period of administration, but when it came to an end, they were unable to pay the PAYE and NIC for the employees.
Held: The statute gave special priority to debts incurred under new contracts. The liability for PAYE fell under that category, and so did liability for NIC, and these took precedence over the expenses of administration.

Citations:

Gazette 02-Mar-2000, Times 21-Mar-2000

Statutes:

Insolvency Act 1986 19(4) 19(5) 19(6)

Jurisdiction:

England and Wales

Citing:

Appealed toIn Re FJL Realisations Ltd CA 2-Aug-2000
Administrators took on new employees during the period of administration, but when it came to an end, they were unable to pay the PAYE and NIC for the employees.
Held: The statute gave special priority to debts incurred under new contracts. . .

Cited by:

Appeal fromIn Re FJL Realisations Ltd CA 2-Aug-2000
Administrators took on new employees during the period of administration, but when it came to an end, they were unable to pay the PAYE and NIC for the employees.
Held: The statute gave special priority to debts incurred under new contracts. . .
Lists of cited by and citing cases may be incomplete.

Insolvency

Updated: 18 July 2022; Ref: scu.81886