Insolvency (Northern Ireland) Order 1989 (S.I. 1989/2405 (N.I. 19))
This section has no associated Explanatory Notes
63After Article 279B insert—
“279BAProperty in respect of which realisation order made
(1)This Article applies where—
(a)property is excluded from the bankrupt’s estate by virtue of section 423(2)(d) of the Proceeds of Crime Act 2002 (property in respect of which an order has been made authorising realisation of the property by an appropriate officer),
(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 appropriate officer.
(2)The property vests in the trustee as part of the bankrupt’s estate.”