Preferential Claim definition

Preferential Claim means a claim falling within the types of debt listed in Schedule 8 (Preferential Debts) of the Regulations;
Preferential Claim means a claim of a type prescribed by the Rules as a preferential claim;
Preferential Claim means a claim which is a preferential debt in accordance with section 107 except for the payment of the fees and expenses properly incurred by the liquidator or administrator in carrying out the functions and duties of the liquidator or administrator;

More Definitions of Preferential Claim

Preferential Claim means a claim of a type prescribed by the Rules as a preferential claim; “preferential creditor” means a creditor having a preferential claim;
Preferential Claim means a claim referred to in Part 3 of Schedule 8 (except clause 15 of that Schedule);
Preferential Claim means a claim in respect of a preferential debt;
Preferential Claim means a claim which is a preferential debt in accordance with the Fourth Schedule except for the payment of the fees and expenses properly incurred by the liquidator in carrying out his functions and duties;
Preferential Claim means a claim by a Bank for sums advanced to a Borrower to which Section 386 and Schedule 6 of the Insolvency Act 1986 (or any analogous provision in any other applicable jurisdiction) applies;
Preferential Claim means a claim referred to in Schedule 6 of the Companies Act 1995;

Related to Preferential Claim

  • Secured Claim means a Claim: (a) secured by a valid, perfected, and enforceable Lien on collateral to the extent of the value of such collateral, as determined in accordance with section 506(a) of the Bankruptcy Code or (b) subject to a valid right of setoff pursuant to section 553 of the Bankruptcy Code.