| Commentary

173 General

| Commentary

G: INTERIM PROTECTION OF THE BANKRUPT’S ESTATE BEFORE THE ORDER

173 General

Once a bankruptcy order has been made, the law provides for the protection of the bankrupt’s estate for the benefit of the creditors generally, and for the ascertainment of the full extent of that estate. Formerly this arose because the official receiver became a receiver of the estate, but it now arises because he becomes a trustee of the estate, which vests in him under Section 306, on the making of the bankruptcy order.

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to LexisLibrary or register for a free trial