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What powers does a Trustee in Bankruptcy have?

  • to sell property
  • to obtain legal advice
  • to carry on the bankrupt’s business
  • to bring or defend any legal proceedings
  • to pay out mortgages
  • to apply to court for a warrant to seize property
  • to apply to court to carry out any function
  • to issue notices to obtain information
  • to publically examine a bankrupt
  • to convene a meeting of creditors
  • to investigation voidable transactions
  • to assess the bankrupt’s income for compulsory income contributions
  • to object to the automatic discharge

Tagged → powers of bankruptcy trustee

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