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Commentary

224 Express powers of the trustee: Insolvency Act 1986 Schedule 5

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

224 Express powers of the trustee: Insolvency Act 1986 Schedule 5

| Commentary

224 Express powers of the trustee: Insolvency Act 1986 Schedule 5

The trustee has the following powers1:

  1. 224.1

        Carry on business for the purpose of winding up: Power to carry on any business of the bankrupt so far as may be necessary for winding it up beneficially and so far as the trustee is able to do so without contravening any requirement imposed by or under any enactment;

  2. 224.2

        Bring and defend legal proceedings: Power to bring, institute or defend any action or legal proceedings relating to the property comprised in the bankrupt's estate2;

  3. 224.3

        Bring and defend transaction avoidance

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