Policing and Crime Act 2009 (c. 26)

Schedules

Schedule 7 Minor and consequential amendments

Part 6 Proceeds of crime: confiscation

Insolvency Act 1986 (c. 45)

57 After section 306B insert—

“306BA Property in respect of which realisation order made

(1) This section applies where—

(a) property is excluded from the bankrupt’s estate by virtue of section 417(2)(d) of the Proceeds of Crime Act 2002 (property in respect of which an order has been made authorising realisation of the property by an appropriate officer),

(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 appropriate officer.

(2) The property vests in the trustee as part of the bankrupt’s estate.”