OpenLegislation

Article 5.13 Division of unsold assetsI1

England and Wales

(1)

This rule applies to any property which, from its peculiar nature or other special circumstances, cannot be readily or advantageously sold.

(2)

The housing administrator may with agreement of the creditors divide the property in its existing form among the registered provider’s creditors according to its estimated value.

Annotations

Commencement

I1

Rule 5.13 in force at 5.7.2018, see rule 1.1