There are a number of effects on the annulment of the bankruptcy which are contained at section 154 of the Bankruptcy Act. In relation to any property, they include: (1) Anything duly done by the trustee before annulment is validly done; (2) Any property vesting in the trustee can be applied to costs, charges, expenses, and the trustee’s remuneration; (3) If there is a shortfall in vested property and it is not enough to pay the costs, charges, expenses, and the trustee’s remuneration, then the balance becomes a debt owed by the ex-bankrupt to the trustee, and may be recovered in Court; and (4) The remainder of that property still vested in the trustee reverts to the bankrupt. If the annulment is given, then an ex-bankrupts name will stay on the National Personal Insolvency Index (“NPII”) with the bankruptcy listed as “annulled”.