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Commentary

219 Realisation of the estate

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

219 Realisation of the estate

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

L: ADMINISTRATION OF THE ESTATE

1: INTRODUCTION

219 Realisation of the estate

The principal duty of the trustee is to get in, realise and distribute the property comprised in the estate. The trustee is permitted to use his discretion as to the best way of exercising the powers given to him so as to maximise the amount of money available for distribution to the creditors1.

A trustee who is not the Official Receiver is under a duty to give the Official Receiver such assistance as he may reasonably require to enable him to perform his functions in the

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