Section 51

Where any property of a debtor is taken in execution by a District Court bailiff under a writ of seizure and sale issued by a District Court and, before the sale or realisation or release thereof, notice is served on the bailiff that a receiving order has been made against the debtor, the bailiff shall, subject to section 45, deliver the property or the possession thereof to the Official Assignee, but the costs of and incidental to the execution shall be a first charge on the property, and the Official Assignee may sell the property or an adequate part thereof for the purpose of satisfying the charge.

Where a writ of seizure and sale has been issued out of a District Court in respect of a judgment for a sum exceeding $100 and the balance of the moneys coming to the hands of the District Court bailiff under the writ of seizure and sale, after deduction of the fees, commission and expenses of execution, has been paid by him into the District Court in accordance with the Subordinate Courts Rules [S 59/86], the balance shall remain in court for 14 days and if within that time notice is served on the Registrar of the District Court of a bankruptcy petition having been presented against or by the debtor, and a receiving order is made against the debtor thereon or on any other petition of which the Registrar has notice, the balance shall, subject to section 45, be paid out of court to the Official Assignee notwithstanding that the balance or part thereof may have been paid into court to the credit of the execution creditor or of any other person; and the Official Assignee shall be entitled to retain the same as against the execution creditor or the other person.