313. Hand-over of assets to trustee.

Where a trustee is appointed in succession to the official receiver acting as trustee, then, when the trustee's appointment takes effect, the official receiver must as soon as reasonably practicable do all that is required for putting the trustee into possession of the bankrupt's estate1.

On taking possession of the bankrupt's estate, the trustee must discharge any balance due to the official receiver on account of:

  1.  

    (1)     expenses properly incurred by the official receiver and payable under the Insolvency Act 1986 or the Insolvency (England and Wales) Rules 2016; and

  2.  

    (2)     any advances made by the official receiver in respect