[176ZA Payment of expenses of winding up (England and Wales)]

[Property subject to floating charge]

[176ZA  Payment of expenses of winding up (England and Wales)]

[(1)     The expenses of winding up in England and Wales, so far as the assets of the company available for payment of general creditors are insufficient to meet them, have priority over any claims to property comprised in or subject to any floating charge created by the company and shall be paid out of any such property accordingly.

(2)     In subsection (1)—

(a)     the reference to assets of the company available for payment of general creditors does not include any amount made available under section 176A(2)(a);

(b)    

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