Where a bankruptcy order is made against an undischarged bankrupt, then, with effect from the commencement of the later bankruptcy1:
(1) any property which is vested in the existing trustee2 as after-acquired property3;
(2) any money paid to the existing trustee in pursuance of an income payments order4; and
(3) any property or money which is, or in the hands of the existing trustee represents, the proceeds of sale or application of property or money falling within head (1) or head (2) above,
which, immediately before the commencement of that
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234