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Commentary

220 Vesting

BANKRUPTCY AND INSOLVENCY (INDIVIDUAL INSOLVENCY) vol 3(2)
| Commentary

220 Vesting

| Commentary

2: VESTING OF THE PROPERTY IN THE TRUSTEE

220 Vesting

The bankrupt’s estate vests in the trustee immediately on his appointment taking effect or, where the Official Receiver is trustee, on his becoming trustee1. After 6 April 2017, this will always be on the making of the bankruptcy order because a trustee, nearly always the official receiver, is appointed by statute on the order being made2. There is now no gap between the order and the appointment of a trustee. The vesting of the estate takes place automatically without any conveyance, assignment or transfer3.

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