Paragraph 6 Insertion of regulation 16A

After regulation 16 there shall be inserted the following regulation:—

“Payment of unclaimed or undistributed assets, dividends or other money in a bankruptcy

16A

Notwithstanding anything in these Regulations, any moneys—

(a)

in the hands of any trustee in bankruptcy at the date of his vacation of office; or

(b)

which come into the hands of any former trustee in bankruptcy at any time after his vacation of office;

representing, in either case, unclaimed or undistributed assets of the bankrupt or dividends, shall forthwith be paid by him into the Insolvency Services Account.”.