Section 184(3)
IA 1986
Insolvency Act 1986 · United Kingdom
If under an execution in respect of a judgement for a sum exceeding £500 a company’s goods are sold or money is paid in order to avoid sale, the enforcement officer or other officer shall deduct the costs of the execution from the proceeds of sale or the money paid and retain the balance for 14 days.
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Source: legislation.gov.uk · retrieved 2026-09-04