Duties of Sheriff as to property taken in execution
368.—(1)  Where any property of a debtor is taken in execution, then, if before the completion of the execution, notice is given to the Sheriff that a bankruptcy order has been made against the debtor, the Sheriff must deliver the property or the possession of the property and any such moneys to the Official Assignee.
(2)  The costs of and incidental to the execution under subsection (1) are a first charge on the property or moneys, and the Official Assignee may sell the property or any adequate part of the property for the purpose of satisfying the charge.
(3)  Where a writ of seizure and sale has been issued in respect of a judgment for a sum exceeding $2,000, the Sheriff must hold all moneys coming to the Sheriff’s hands under the writ of seizure and sale for 14 days starting from the receipt of the moneys.
(4)  If within the time mentioned in subsection (3) —
(a)notice is served on the Sheriff of a bankruptcy application having been made against or by the debtor; and
(b)a bankruptcy order is made against the debtor on the bankruptcy application or on any other application of which the Sheriff has notice,
the Sheriff must deduct the costs of and incidental to the execution and pay the balance to the Official Assignee, who is entitled to retain the same as against the execution creditor.