143. Property acquired after bankruptcy.

143.     Property acquired after bankruptcy.

After-acquired property does not vest automatically in the trustee in bankruptcy, who must claim it from the bankrupt by serving notice on him1: such property can therefore be effectively mortgaged by the bankrupt, before the intervention of the trustee in bankruptcy. On service of the trustee's notice of claim, the property vests in the trustee as part of the bankrupt's estate, and the trustee's title relates back to the date of acquisition of the property by the bankrupt2. However, no remedy lies against any person who acquires the property in good faith