SCHEDULES
SCHEDULE 4 Forfeiture Orders
Part IV Insolvency: United Kingdom Provisions
Protection of creditors against forfeiture
49
1
This paragraph applies to property which ceased to be subject to a forfeiture order by virtue of paragraph 47(3) in consequence of the making of a bankruptcy order or an award of sequestration.
2
The property shall again become subject to the forfeiture order and, if applicable, any ancillary order if—
a
the bankruptcy order is annulled, or
b
the award of sequestration is recalled or reduced.
3
Where the property is money or has been converted into money—
a
the relevant court shall make an order specifying property comprised in the estate of the bankrupt or debtor to the amount or value of the property, and
b
the specified property shall become subject to the forfeiture order, and any applicable ancillary order, in place of the property.
4
In sub-paragraph (3) the “relevant court” means—
a
the court which ordered the annulment of the bankruptcy, or
b
the court which recalled or reduced the award of sequestration.