Section 248 of Insolvency Act CAP 53: Priority ranking of debts owed to bankrupt's spouse
(1) This section applies to bankruptcy debts owed in respect of credit provided by a person who was the bankrupt's spouse at the commencement of the bankruptcy and so applies even if the person was not the bankrupt's spouse at the time the credit was provided.
(2) Those debts—
(a) rank in priority after the debts and interest required to be paid in accordance with section 247(3) and (4); and
(b) are payable with interest at the rate specified in section 247(5) in respect of the period during which they have been outstanding since the commencement of the bankruptcy.
(3) The interest payable under subsection (2)(b) has the same priority as the debts on which it is payable.
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