Section 306A

This section applies where— property is excluded from the bankrupt’s estate by virtue of section 417(2)(a) of the Proceeds of Crime Act 2002 (property subject to a restraint order), an order under section 50, 67A, 128, 131A, 198 or 215A of that Act has not been made in respect of the property, ... the restraint order is discharged , and 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. The property vests in the trustee as part of the bankrupt's estate. But subsection (2) does not apply to the proceeds of property realised by a management receiver under section 49(2)(d) or 197(2)(d) of that Act (realisation of property to meet receiver’s remuneration and expenses).

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Source: legislation.gov.uk · retrieved 2026-09-04