(1) If the costs of the insolvency proceedings are covered but the insolvency estate is insufficient to settle the other mature obligations incumbent on the estate, the insolvency administrator is required to notify the insolvency court of the insufficiency of the assets. The same applies if it is likely that the assets will be insufficient to meet the other existing obligations incumbent on the estate on the date of their maturity.
(2) The court is required to publish the notification of insufficiency of assets. Such notification is to be served separately on the preferential creditors.
(3) The duty incumbent on the insolvency administrator to administer and realise the insolvency estate also continues following notification of the insufficiency of the assets.