If a company is in administration, the sale of any property will be carried out by an administrator1 who must be a qualified insolvency practitioner2. When buying a property from an administrator, the validity of the appointment should be checked, including:
(1) the validity of the floating charge under which the appointment was made and that the charge is a qualifying floating charge3;
(2) that the charge covered the whole or substantially the whole of the company's property;
(3) that the charge is not likely to be invalidated, for example for want of registration, or fraudulent preference;
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