Where a person becomes bankrupt—
(a) any income accrued to that person in his or her own right after the period of insolvency and prior to the date his or her insolvency ceases is included in the assessable income of that person; and
(b) any income accrued in respect of the estate of that person held by his or her trustee during the period of insolvency is included in the assessable income of the estate and the chargeable income ascertained is charged to tax in the name of the trustee.