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Which of the Following Has Been Considered as Sufficiently 'Exceptional

question 30

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Which of the following has been considered as sufficiently 'exceptional' to justify postponing sale under s335A Insolvency Act 1986 when the application for sale comes more than a year after the bankruptcy?


Definitions:

Short Notice

A term indicating that something is happening or is required to happen with minimal warning or preparation time.

Financial Lease

A type of lease where the lessee essentially rents an asset for most of its useful life and the lease terms closely resemble the conditions of outright ownership.

Long-term

Refers to an extended period of time, typically over one year, used in the context of investments, loans, or planning, indicating a focus on future benefits rather than immediate outcomes.

Maintenance

The tasks and actions taken to preserve or restore equipment, systems, or structures to an operational condition or to prevent failure.

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