Commentary

343 Termination of administration where purpose of administration achieved

BANKRUPTCY AND INSOLVENCY (INDIVIDUAL INSOLVENCY) vol 3(2)
| Commentary

343 Termination of administration where purpose of administration achieved

| Commentary

343 Termination of administration where purpose of administration achieved

Where the initial appointment was out of court, by the holder of a qualifying agricultural floating charge or by the members of the partnership, and the administrator thinks that the purpose of administration has been sufficiently achieved in relation to the partnership1, he may file a notice, and accompanied by a final progress report, with the court, and his appointment ceases to have effect when that has been done2. He should then within five business days either send a copy of the notice to every creditor of the partnership of whose

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