It is not uncommon for financial remedies proceedings and bankruptcy proceedings to be ongoing at the same time, sometimes with the specific intention of the bankrupt party to frustrate financial remedies proceedings. Under section 306 of the Insolvency Act 1986 (IA 1986): '(1) The bankrupt’s estate shall vest in the trustee [in bankruptcy] immediately on his appointment taking effect or, in the case of the official receiver, on his becoming trustee. (2) Where any property which is, or is to be, comprised in the bankrupt’s estate vests in the trustee (whether under this section or under any other provision of this Part), it shall so vest without any conveyance, assignment or transfer.' Therefore, once a bankruptcy order is made, the trustee acquires the interest of the person made bankrupt. If the property is owned by the parties as joint