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Commentary

138 Qualification and acceptance

BANKRUPTCY AND INSOLVENCY (INDIVIDUAL INSOLVENCY) vol 3(2)
| Commentary

138 Qualification and acceptance

| Commentary

138 Qualification and acceptance

Any appointee must satisfy qualification requirements. No person may be appointed as trustee of a bankrupt’s estate unless he is, at the time of the appointment, qualified to act as an insolvency practitioner in relation to the bankrupt1. This provision does not apply to the Official Receiver when acting as trustee of a bankrupt’s estate2.

Two or more persons may be appointed as joint trustees, but such an appointment must make provision as to the circumstances in which the trustees must act together and the circumstances in which one or more of

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