| Commentary

160 Introduction

| Commentary

F: THE BANKRUPT’S ESTATE

160 Introduction

The scope of the bankrupt's estate (or in other words the property money and assets the trustee must collect into his hands and administer for the benefit of creditors) is determined by five principles:

  1. 160.1

        when the bankruptcy has the effect of vesting property in a trustee;

  2. 160.2

        what property of the debtor becomes subject to the bankruptcy on the happening of that event;

  3. 160.3

        what property subsequently acquired by the bankrupt the trustee is entitled to receive as an accretion to the estate;

  4. 160.4

        what property previously owned by the bankrupt the

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