Circumstances in which the right to buy cannot be exercised
121.—(1) The right to buy cannot be exercised if the qualifying person is obliged to give up possession of the qualifying dwelling-house in pursuance of an order of the court or will be so obliged at a date specified in the order.
(2) The right to buy cannot be exercised if the person, or one of the persons, to whom the right to buy belongs—
(a)has a bankruptcy petition pending against him,
(b)is an undischarged bankrupt, or
(c)has made a composition or arrangement with his creditors the terms of which remain to be fulfilled.