Q&As

Where do secured creditors fall in the order of payment to creditors on an insolvent liquidation?

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Published on LexisPSL on 16/03/2018

The following Restructuring & Insolvency Q&A provides comprehensive and up to date legal information covering:

  • Where do secured creditors fall in the order of payment to creditors on an insolvent liquidation?

The order of distribution in liquidation, following the realisation of security by secured creditors (other than those with floating charges) for their benefit, is provided for both in the Insolvency Act 1986 (IA 1986) and, from 6 April 2017, the Insolvency (England and Wales) Rules 2016 (IR 2016), SI 2016/1024.

The general rule is that secured credi

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