Schedules

Schedule 7Minor and consequential amendments

Part 6Proceeds of crime: confiscation

54Insolvency Act 1986 (c. 45)

1

Section 306A (property subject to restraint order) is amended as follows.

2

In subsection (1)—

a

in paragraph (b) for “section 50, 128 or 198” substitute “section 50, 67A, 128, 131A, 198 or 215A”, and

b

after paragraph (c) insert “, and

d

d

immediately after the discharge of the restraint order the property is not detained under or by virtue of section 44A, 47J, 122A, 127J, 193A or 195J of that Act.

3

For subsection (2) substitute—

2

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