SCHEDULES

SCHEDULE 4 Forfeiture Orders

Part IV Insolvency: United Kingdom Provisions

Protection of creditors against forfeiture

46

1

During the period of six months beginning with the making of a forfeiture order, the following shall not be finally disposed of under this Schedule—

a

the money to which the order applies, and

b

the money which represents any property to which the order applies.

2

For the purposes of this paragraph money is finally disposed of under this Schedule when—

a

in England and Wales, it is paid to the Lord Chancellor in accordance with section 60 of the M2Justices of the Peace Act 1997 (application of fines, &c.) or to the Secretary of State in accordance with paragraph 13(5)(c),

b

in Scotland, it is paid to the Treasury in accordance with section 211(5) of the M1Criminal Procedure (Scotland) Act 1995 (as modified by paragraph 16(3)), or

c

in Northern Ireland, it is paid into the Consolidated Fund in accordance with paragraph 32(4) or 43(5)(c).