Definition of the bankruptcy estate and which assets vest in the trustee in bankruptcy

Definition of the bankruptcy estate and which assets vest in the trustee in bankruptcy guidance:

Bankruptcy estate Under section 306(1) of the Insolvency Act 1986 (IA 1986), the bankrupt’s estate vests in the trustee in bankruptcy (trustee) immediately on their...

Practice Note

The position of a personal pension on bankruptcy A bankrupt’s estate automatically vests in the official receiver (or an insolvency practitioner if instead appointed at...

Practice Note

[insert name, address and contact details or reference of author] [insert date] To: [insert the name[s] of the person[s] to whom the letter is addressed] [insert the full...

Precedents

One of the main functions of the trustee in bankruptcy (trustee) is, in accordance with section 305(2) of the Insolvency Act 1986 (IA 1986), to get in, realise and...

Practice Note

The 'three-year rule' and why it applies The reforms introduced by the Enterprise Act 2002 (EnA 2002) included the insertion of a new section 283A into the Insolvency Act...

Practice Note

Definition of property and some general principles Property is defined very widely in section 436 of the Insolvency Act 1986 (IA 1986), and includes 'money, goods, things...

Practice Note
Trending Topics
In-House COVID-19