Insurance (Intermittent Unemployment) Act, 1942
Priority of claims for contributions due by a bankrupt employer. |
27.—(1) There shall be included among the debts that under section 209 of the Companies Consolidation Act, 1908 , are in the distribution of assets of a company being wound up to be paid in priority to all other debts all weekly contributions payable under this Act by the company in respect of insured persons during the four months before the commencement of the winding-up or the winding-up order, and that Act shall have effect accordingly and formal proof of the debts to which priority is given under this section shall not be required except in cases where it may otherwise be provided by the rules made under that Act. | |
(2) Sub-section (1) of this section shall not apply where a company is wound up voluntarily merely for the purposes of reconstruction or of amalgamation with another company. | ||
(3) There shall be included among the debts that under section 4 of the Preferential Payments in Bankruptcy (Ireland) Act, 1889, are in the distribution of the property of a bankrupt or arranging debtor to be paid in priority to all other debts all weekly contributions payable by the bankrupt or arranging debtor in respect of insured persons during the four months before the date of the order of adjudication in the case of a bankrupt or the filing of the petition for arrangement in the case of an arranging debtor and that Act shall have effect accordingly and formal proof of the debts to which priority is given under this sub-section shall not be required except in cases where it may otherwise be provided by general orders made under the said Act. |