[A32 Disposal of hire-purchase property]
[A32 Disposal of hire-purchase property]

[A32  Disposal of hire-purchase property]

[(1)     During a moratorium, the company may, with the permission of the court, dispose of goods which are in the possession of the company under a hire-purchase agreement as if all of the rights of the owner under the agreement were vested in the company.

(2)     The court may give permission under subsection (1) only if the court thinks that it will support the rescue of the company as a going concern.

(3)     Where the court gives permission under subsection (1), the company must apply the following towards discharging the sums payable under the hire-purchase agreement—

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