Schedules

Schedule 7Minor and consequential amendments

Part 6Proceeds of crime: confiscation

Insolvency Act 1986 (c. 45)

54(1)Section 306A (property subject to restraint order) is amended as follows.

(2)In subsection (1)—

(a)in paragraph (b) for “section 50, 128 or 198” substitute “section 50, 67A, 128, 131A, 198 or 215A”, and

(b)after paragraph (c) insert “, and

(d)immediately after the discharge of the restraint order the property is not detained under or by virtue of section 44A, 47J, 122A, 127J, 193A or 195J of that Act.

(3)For subsection (2) substitute—

(2)The property vests in the trustee as part of the bankrupt’s estate.