The property1 which vests in the trustee on his appointment taking effect or in the official receiver on his becoming trustee2 is that property which belongs to the bankrupt at the commencement of the bankruptcy3.
Property which is acquired by, or devolves on, the bankrupt after the commencement of the bankrupty4 does not automatically vest in the trustee. The trustee may, however, by notice in writing5 claim for the bankrupt's estate6 any property which has been so acquired, or has so devolved on, the bankrupt since the commencement of the bankruptcy
**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