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Commentary

223 General

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

223 General

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

223 General

The trustee has the powers specified in Parts 1 and 2 of Schedule 5 to the Insolvency Act 19861.

He also has power to appoint the bankrupt:

  1. 223.1

        to superintend the management of his estate or any part of it;

  2. 223.2

        to carry on his business (if any) for the benefit of his creditors; or

  3. 223.3

        in any other respect to assist in administering his estate in such manner and in such terms as the trustee may direct2.

The Schedule 5 powers were until recently divided into two classes: those which he may exercise

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