Section 133

Insolvency Act 1986 (c. 45)

1 The Insolvency Act 1986 is amended as provided in paragraphs 2 to 11.

2 In section 286(3) (interim receiver to have powers and duties conferred by section 287) for "of a receiver and manager under" substitute "given by".

3

(1) Section 287 (receivership pending appointment of first trustee) is amended as follows.

(2) For the heading substitute "Powers of interim receiver".

(3) In subsection (1) -

(a) for the words from the beginning to "official receiver" substitute "An interim receiver appointed under section 286";

(b) for "bankrupt's estate" substitute "debtor's property".

(4) In subsection (2) -

(a) for "the official" substitute "an interim";

(b) for "bankrupt's estate" substitute "debtor's property";

(c) for "the estate" (in both places) substitute "the property".

(5) In subsection (3) -

(a) for "The official" substitute "An interim";

(b) for "of the estate" substitute "of the debtor's property";