| Commentary

245 Goods taken in distraint

| Commentary

245 Goods taken in distraint

There is no provision in the Insolvency Act 1986 relating to voluntary liquidation similar to that contained in Section 176(2) which deals solely with companies in compulsory liquidation. That section states that where any person (whether or not a landlord or a person entitled to rent) has distrained upon the goods or effects of the company in the period of three months ending with the date of the winding up order, those goods or effects, or the proceeds of their sale, shall be charged for the benefit of the company with the preferential debts

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