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The Insolvency Rules 1986

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CHAPTER 24E+WSECOND BANKRUPTCY

Scope of this ChapterE+W

6.225.—(1) The Rules in this Chapter relate to the manner in which, in the case of a second bankruptcy, the trustee in the earlier bankruptcy is to deal with property and money to which section 334(3) applies, until there is a trustee of the estate in the later bankruptcy.

(2) “The earlier bankruptcy”, “the later bankruptcy” and “the existing trusteehave the meanings given by section 334(1).

Commencement Information

I1Rule 6.225 in force at 29.12.1986, see rule 0.1

General duty of existing trusteeE+W

6.226.—(1) Subject as follows, the existing trustee shall take into his custody or under his control all such property and money, in so far as he has not already done so as part of his duties as trustee in the earlier bankruptcy.

(2) Where any of that property consists of perishable goods, or goods the value of which is likely to diminish if they are not disposed of, the existing trustee has power to sell or otherwise dispose of those goods.

(3) The proceeds of any such sale or disposal shall be held, under the existing trustee's control, with the other property and money comprised in the bankrupt's estate.

Commencement Information

I2Rule 6.226 in force at 29.12.1986, see rule 0.1

Delivery up to later trusteeE+W

6.227.  The existing trustee shall, as and when requested by the trustee for the purposes of the later bankruptcy, deliver up to the latter all such property and money as is in his custody or under his control in pursuance of Rule 6.226.

Commencement Information

I3Rule 6.227 in force at 29.12.1986, see rule 0.1

Existing trustee's expensesE+W

6.228.  Any expenses incurred by the existing trustee in compliance with section 335(1) and this Chapter of the Rules shall be defrayed out of, and are a charge on, all such property and money as is referred to in section 334(3), whether in the hands of the existing trustee or of the trustee for the purposes of the later bankruptcy.

Commencement Information

I4Rule 6.228 in force at 29.12.1986, see rule 0.1

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