Section 161 of Insolvency Act CAP 53: Bankrupt entitled to retain certain assets
(1) A bankrupt may choose and retain as the bankrupt's own property assets of a description specified in subsection (2) up to a maximum value determined in accordance with subsection (3).
(2) The assets are—
(a) the bankrupt's necessary tools of trade;
(b) necessary household furniture and personal effects (including clothing) for the bankrupt and the bankrupt's relatives and dependants; and (c) a motor vehicle.
(3) The maximum value of those assets are—
(a) in the case of the bankrupt's necessary tools of trade, the value fixed by the bankruptcy trustee;
(b) in the case of necessary household furniture and personal effects, the value fixed by the bankruptcy trustee; and
(c) a motor vehicle, one million shillings or, if a greater amount is prescribed by the insolvency regulations, that amount.
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