Schedule 7Minor and consequential amendments

Part 6Proceeds of crime: confiscation

Insolvency (Northern Ireland) Order 1989 (S.I. 1989/2405 (N.I. 19))

61After Article 279A insert—

279AAProperty released from detention

(1)This Article applies where—

(a)property is excluded from the bankrupt’s estate by virtue of section 423(2)(b) of the Proceeds of Crime Act 2002 (property detained under certain provisions),

(b)no order is in force in respect of the property under section 41, 50, 120, 128, 190 or 198 of that Act, and

(c)the property is released.

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