| Commentary

161 Vesting

| Commentary

161 Vesting

The bankrupt's estate vests immediately in the trustee on his appointment. It vests automatically, that is to say, without any conveyance assignment or transfer1. After 6 April 2017 a trustee will always be appointed on the making of the bankruptcy order, so the bankrupt's estate will pass automatically out of his ownership into that of his trustee on the making of a bankruptcy order2.

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to LexisLibrary or register for a free trial