This Practice Note considers how the administrator must treat charged or secured property and when such property may be used for the benefit of the administration. Security includes property under a fixed and floating charge, a hire purchase agreement, a retention of title (ROT) agreement, a conditional sale agreement, or a chattel leasing agreement, as well as assets subject to a mortgage, charge, lien or ‘other security’. This Practice Note is produced in partnership with Tom Shepherd of 4 New Square.