Part 9Insolvency etc.

Bankruptcy in Northern Ireland

I1423 Modifications of the 1989 Order

1

This section applies if a person is adjudged bankrupt in Northern Ireland.

2

F3The following property is excluded from his estate for the purposes of Part 9 of the 1989 Order—

a

property for the time being subject to a restraint order which was made under section 41, 120 or 190 before the order adjudging him bankrupt;

b

any property in respect of which an order under section 50 F1... is in force;

c

any property in respect of which an order under section 128(3) is in force;

d

any property in respect of which an order under section 198 F2... is in force.

F3The following property is excluded from the person's estate for the purposes of Part 9 of the 1989 Order—

a

property for the time being subject to a restraint order which was made under section 41, 120 or 190 before the order adjudging the person bankrupt;

b

property for the time being detained under or by virtue of section 44A, 47J, 47K, 47M, 47P, 122A, 127J, 127K, 127M, 127P, 193A, 195J, 195K, 195M or 195P;

c

property in respect of which an order under section 50, 128(3) or 198 is in force;

d

property in respect of which an order under section 67A, 131A or 215A is in force.

3

Subsection (2)(a) applies to heritable property in Scotland only if the restraint order is recorded in the General Register of Sasines or registered in the Land Register of Scotland before the order adjudging the person bankrupt.

4

If in the case of a debtor an interim receiver stands at any time appointed under Article 259 of the 1989 Order and any property of the debtor is then subject to a restraint order made under section 41, 120 or 190, the powers conferred on the receiver by virtue of that Order do not apply to property then subject to the restraint order.