Moratorium Chapter 4: sets out the effect of moratorium on the company and its creditors Restrictions on payments and disposal of property
During a moratorium, the company may only make a payment above the permitted threshold in respect of a pre-moratorium debt from which the company has a payment holiday if:
	the monitor consents, or
	the court has ordered that it be paid, or
	the payment discharges security against property that has been disposed of, with the permission of the court.
	The permitted threshold, in respect of each person to whom the company makes a payment or payments, is the greater of £5,000 and 1% of the value of the unsecured debts owed by the company at the start of the moratorium. The monitor may give consent only if they think that the payment will support the rescue of the company as a going concern.
	There are restrictions on the company disposing of property during the moratorium. Property that is not subject to security may only be disposed of if (i) the disposal is in the ordinary course of business (ii) the monitor consents or (iii) there is a court order. The monitor may give consent only if they think that the disposal will support the rescue of the company as a going concern. Property that is subject to security or is under a hire-purchase agreement may only be disposed of with the permission of the court, or if the disposal is in accordance with the terms of the security/agreement.