SECTION 117

The debtor shall inform the bailiff or process-server in writing of the offers made to him and shall state the name and address of the contingent purchaser as well as the period within which the latter offered to deposit the proposed price. The bailiff or process-server shall forward these details to the distrainor and the opposing creditors by registered mail with acknowledgement of receipt or by any means with written proof. The above parties shall within fifteen days decide either to accept or refuse the private sale, or to propose themselves as purchasers. Where there is no response, they shall be deemed to have accepted. A forced sale may only be carried out after the expiry of the one month time limit provided in