Priority debts definition
Priority debts means mortgage arrears, rent arrears, gas, electricity, council tax, child or ex-partner maintenance, and arrears on income tax and VAT.
Priority debts means all sums secured on the Charged Property in priority to the claims of Securityholders, including without limitation any sums payable to the Trustee and Early Redemption Unwind Costs.
Priority debts means all sums secured on the Charged Property in priority to the claims of the Securityholders, including without limitation any sums
Examples of Priority debts in a sentence
Applicants will need to be able to demonstrate (via income or benefits) that they will be able to pay all of the following charges: Housing costs (including rent and service charges) Council tax Water (supply and sewage) Electricity Heating (gas, electricity, oil or solid fuels) Priority debts Offers of accommodation may be revoked if new information comes to light which would affect the allocation.