15Overview of Chapter
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(1)This Chapter creates a procedure to be known as education administration.
(2)The main features of an education administration are that—
(a)it can be used where a further education body is unable to pay its debts or is likely to become unable to pay its debts,
(b)the court appoints an education administrator on the application of the appropriate national authority, and
(c)the education administrator manages the body’s affairs, business and property with a view to avoiding or minimising disruption to the studies of existing students.