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Select Committee on Legislation and Security debate -
Wednesday, 19 Jan 1994

SECTION 24.

Question proposed: "That section 24 stand part of the Bill".
Gay Mitchell

Mr. G. Mitchell

Section 24 (2) states:

Where a person has been adjudicated bankrupt, the powers conferred on the High Court or on a receiver by section 16 or 20 of this Act shall not be exercised in relation to property of the bankrupt for the purposes of the said Act of 1988. Can the Minister tell us exactly what that provision seeks to achieve?

Máire Geoghegan-Quinn

Mrs. Geoghegan-Quinn

Where a restraint order or a confiscation order is made in relation to property and where, subsequently, a person is declared bankrupt, the property that is the subject of the confiscation or restraint order remains outside the bankruptcy proceedings.

Gay Mitchell

Mr. G. Mitchell

So it cannot be considered an asset in the bankruptcy provisions?

Question put and agreed to.
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