[A53 Meaning of “pre-moratorium debt” and “moratorium debt”]
Insolvency Act 1986 (1986 c 45) | Legislation

[Interpretation of this Part]

[A53  Meaning of “pre-moratorium debt” and “moratorium debt”]

[(1)     In this Part “pre-moratorium debt”, in relation to a company for which a moratorium is or has been in force, means—

(a)     any debt or other liability to which the company becomes subject before the moratorium comes into force, or

(b)     any debt or other liability to which the company has become or may become subject during the moratorium by reason of any obligation

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