After-acquired property
Property obtained after a bankruptcy order that may, in certain circumstances, have to be claimed for the bankruptcy estate.
Related terms
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Bankruptcy debt
A debt that falls within a bankruptcy and is dealt with under the rules of the bankruptcy estate, subject to statutory exceptions.
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Income Payments Order (IPO)
A court order in an England and Wales bankruptcy requiring payments from surplus income into the bankruptcy estate where an agreement has not been reached.
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Bankruptcy estate
The pool of assets and rights that pass to or are controlled by the trustee for the purposes of administering a bankruptcy.
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