 Absent consent from the affected creditor, the examiner will be required to make an application to the High Court before any such disposal occurs.If the assets are subject to a charge 'which, as created, was a floating charge' the secured creditor will be deemed to have a corresponding security over the proceeds of the disposal.However, if the assets disposed of are subject to a fixed charge, any disposal will be conditional on the net proceeds or the net amount which would be achieved on an open market sale by a willing vendor (whichever is the greater) being applied towards discharging the sum secured by the charge.