(1) This section applies to sums which are in the hands of a receiver appointed under section 198 if they are -
(a) the proceeds of the realisation of property under section 199;
(b) sums (other than those mentioned in paragraph (a)) in which the defendant holds an interest.
(2) The sums must be applied as follows -
(a) first, they must be applied in payment of such expenses incurred by a person acting as an insolvency practitioner as are payable under this subsection by virtue of section 432;
(b) second, they must be applied in making any payments directed by the Crown Court;
(c) third, they must be applied on the defendant's behalf towards satisfaction of the confiscation order.
(3) If the amount payable under the confiscation order has been fully paid and any sums remain in the receiver's hands he must distribute them -
(a) among such persons who held (or hold) interests in the property concerned as the Crown Court directs, and
(b) in such proportions as it directs.
(4) Before makin
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