The Insolvency Act 1986 (Prescribed Part) (Amendment) Order 2020
The Insolvency Act 1986 (Prescribed Part) Order 2003/2097 sets out the method of calculation of the prescribed part and is subject to a limit. The prescribed part is the part of the property of a company that a liquidator, administrator or receiver must reserve for unsecured creditors, under section 176A of the Insolvency Act 1986, and which would otherwise be available to satisfy claims secured by a floating charge.