PART IX N.I.BANKRUPTCY

Modifications etc. (not altering text)

C1 Pts. VIII-X (arts. 209-345) modified by Foyle Fisheries Act (Northern Ireland) 1952 (c. 5), s. 52K(2) (as inserted (prosp.) by Foyle and Carlingford Fisheries (Northern Ireland) Order 2007 (S.I. 2007/915 (N.I. 9)), arts. 1(3), 3(1) (with art. 32))

CHAPTER IV N.I.ADMINISTRATION BY TRUSTEE

Acquisition, control and realisation of bankrupt's estate N.I.

[F1 Property in respect of which receivership or administration order made N.I.

279B— (1) This Article applies where—

(a) property is excluded from the bankrupt’s estate by virtue of [F2 section 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.]

F1 2002 c. 29

F2 Words in art. 279B(1)(a) substituted (1.6.2015) by Policing and Crime Act 2009 (c. 26), s. 116(1), Sch. 7 para. 62; S.I. 2015/983, arts. 2(2)(e), 3(l)