Where on an application—

(a) by the Trust, an attachment is issued against the property of an employer in execution of a decree against that employer and the property is seized, sold or otherwise realized in pursuance of the execution, or

(b) of a secured creditor, the property of an employer is sold, the proceeds of the sale or any other realization of the property shall not be distributed to a person entitled to the distribution until the Court ordering the sale or other realization has made provision for the payment of the amount due by the employer under this Act before the date of the order.