3. Without prejudice to paragraph 2 of this article, the stay and suspension referred to in paragraph 1 of this article, in particular, does not affect any right—E+W+S
(a)to take any steps to enforce security over the debtor's property;
(b)to take any steps to repossess goods in the debtor's possession under a hire-purchase agreement;
(c)exercisable under or by virtue of or in connection with the provisions referred to in article 1(4); or
(d)of a creditor to set off its claim against a claim of the debtor,
being a right which would have been exercisable if the debtor, in the case of an individual, had been adjudged bankrupt under the Insolvency Act 1986 or had his estate sequestrated under the Bankruptcy (Scotland) Act 1985, or, in the case of a debtor other than an individual, had been made the subject of a winding-up order under the Insolvency Act 1986.