653. Realisation of assets subject to security.
653. Realisation of assets subject to security.
Company and Partnership Insolvency (Volume 16 (2024), paras 1-598; Volume 17 (2024), paras 599-1249) | Commentary
Where property subject to a specific charge is realised by the liquidator in the winding up, the proceeds are applicable:
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(1) to the costs of realisation;
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(2) in payment of the costs of preservation;
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