C1 PART IXBANKRUPTCY

Annotations:

CHAPTER IVADMINISTRATION BY TRUSTEE

Acquisition, control and realisation of bankrupt's estate

F1 Property in respect of which receivership or administration order made279B

1

This Article applies where—

a

property is excluded from the bankrupt’s estate by virtue of F2section 423(2)(c) of the Proceeds of Crime Act 2002 (property in respect of which an order for the appointment of a receiver or administrator under certain provisions of that Act is in force),

b

a confiscation order is made under section 6, 92 or 156 of that Act,

c

the amount payable under the confiscation order is fully paid, and

d

any of the property remains in the hands of the receiver or administrator (as the case may be).

2

The property vests in the trustee as part of the bankrupt’s estate.