| Commentary

176.1 Completed execution or attachment

| Commentary

176 Enforcement procedures

176.1 Completed execution or attachment

Where a creditor has effected execution against the bankrupt, he may in certain circumstances, be entitled to retain the benefit of that execution.

A creditor who has issued execution against, or attached a debt of, the debtor before the commencement of the bankruptcy may retain the benefit of the execution or attachment against the Official Receiver or trustee, but only if the execution or attachment was completed, or the sums were paid, before the bankruptcy order was made1. In this context ‘completion’ means2:

  1. 176.1.1

        in the case of execution against goods, seizure and sale

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