Rule 42 Division of unsold assetsI1
England and Wales
(1)
The postal administrator may, with the permission of the creditors, divide in its existing form amongst the company’s creditors, according to its estimated value, any property which from its peculiar nature or other special circumstances cannot be readily or advantageously sold.
(2)
The postal administrator must—
(a)
in the receipts and payments account included in the final progress report under Part 9 of the Rules, state the estimated value of the property divided amongst the creditors of the company during the period to which the report relates, and
(b)
as a note to the account, provide details of the basis of the valuation.