{
  "url": "https://openlegislation.uk/education-administration-rules-2018/article-7.49",
  "json_url": "https://openlegislation.uk/education-administration-rules-2018/article-7.49.json",
  "legislation": "uksi/2018/1135",
  "legislation_title": "The Education Administration Rules 2018",
  "legislation_url": "https://openlegislation.uk/education-administration-rules-2018",
  "path": "article/7.49",
  "kind": "article",
  "number": "7.49",
  "heading": "Creditor’s election to opt out",
  "text": "(1) A creditor may at any time elect to be an opted-out creditor.\n(2) The creditor’s election to opt out must be by a notice in writing authenticated and dated by the creditor.\n(3) The creditor must deliver the notice to the education administrator.\n(4) A creditor becomes an opted-out creditor when the notice is delivered to the education administrator.\n(5) An opted-out creditor—\n(a) will remain an opted-out creditor for the duration of the proceedings unless the opt out is revoked; and\n(b) is deemed to be an opted-out creditor in respect of any subsequent insolvency proceedings of a different kind relating to that further education body.\n(6) The creditor may at any time revoke the election to opt out by a further notice in writing, authenticated and dated by the creditor and delivered to the education administrator.\n(7) The creditor ceases to be an opted-out creditor from the date the notice is received by the education administrator.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2018/1135/article/7.49",
    "retrieved_at": "2026-10-28T22:52:44.908739+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}