Article 33 Application of sums by enforcement receiversI1
United Kingdom
This article applies to sums which are in the hands of a receiver appointed under article 27 if they are—
the proceeds of the realisation of property under article 28 or 29;
where article 28 applies, sums (other than those mentioned in sub-paragraph (a)) in which the defendant holds an interest.
The sums must be applied as follows—
first, they must be applied in payment of such expenses incurred by a person acting as an insolvency practitioner as are payable under this paragraph by virtue of article 3;
second, they must be applied in making any payments directed by the Crown Court;
third, they must be applied on the defendant’s behalf towards satisfaction of the external order.
If the amount payable under the external order has been fully paid and any sums remain in the receiver’s hands he must distribute them—
among such persons who held (or hold) interests in the property concerned as the Crown Court directs; and
in such proportions as it directs.
Before making a direction under paragraph (3) the court must give persons who held (or hold) interests in the property concerned a reasonable opportunity to make representations to it.
For the purposes of paragraphs (3) and (4) the property concerned is—
the property represented by the proceeds mentioned in paragraph (1)(a);
the sums mentioned in paragraph (1)(b).
The receiver applies sums as mentioned in paragraph (2)(c) by paying them to the relevant Director on account of the amount payable under the order.