479. Application by trustee for permission to disclaim.

A notice of disclaimer of onerous property1 may not be given in respect of any property that has been claimed for the estate as after-acquired property2 or personal property of the bankrupt exceeding a reasonable replacement value3, or certain tenancies4, except with the permission of the court5. Where the trustee requires the permission of the court to disclaim property claimed for the bankrupt's estate, the trustee may apply for that permission without notice to any other party6. The application must be accompanied by a report:

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    (1)     containing such particulars of the property as will enable it to be easily