Clause 32

by deleting the words “in the subsequent bankruptcy” in subsection (1) and substituting the words “in the second or subsequent bankruptcy or administration in bankruptcy (as the case may be)”;

by inserting, immediately after subsection (1), the following subsection:“(1A) For the purposes of subsection (1) —

any unsatisfied debts provable in the last preceding bankruptcy, which were under section 90(1) to be paid in priority to all other debts in that bankruptcy, continue to enjoy the same priority and the same rank in the order specified in section 90(1) in the second or subsequent bankruptcy or administration in bankruptcy; and

any unsatisfied debts of a class specified in section 90(1) in the last preceding bankruptcy rank equally with debts of the same class in the second or subsequent bankruptcy or administration in bankruptcy.”;

by inserting, immediately after subsection (4), the following subsection:“(5) Where a second or subsequent bankruptcy order is made against a bankrupt —

section 108A(1) ceases to apply to the last preceding bankruptcy, with effect from the date of that order; and

section 125(2) does not apply to the last preceding bankruptcy for the duration of the second or subsequent bankruptcy.”; and

by deleting the word “bankruptcy” in the section heading and substituting the words “or subsequent bankruptcy, etc.”.