# The Insolvency Rules (Northern Ireland) 1991, Rule 6.185: Money provided in lieu of sale


(1) Paragraph (2) applies where a third party proposes to the trustee that he (the former) should provide the estate with a sum of money enabling the bankrupt to be left in possession of property which would otherwise be made to vest in the trustee under Article 281.
(2) The trustee may accept that proposal, if satisfied that it is a reasonable one, and that the estate will benefit to the extent of the value of the property in question less the cost of a reasonable replacement.
[E.R.6.188]

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Source: https://www.legislation.gov.uk/nisr/1991/364/rule/6.185 (the official version)
Page: https://openlegislation.uk/insolvency-rules-northern-ireland-1991/rule-6.185
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.