308. Appointment by creditors of new trustee.

308. Appointment by creditors of new trustee.

Bankruptcy and Individual Insolvency (Volume 5 (2020)) | Commentary

Where the bankrupt's creditors decide to remove a trustee in bankruptcy1 but do not, as part of the decision procedure to remove the trustee, appoint a new trustee2, the existing trustee must send the creditors a notice inviting proposals for a new trustee3. The notice must contain a statement explaining that the decision of the creditors to remove a trustee does not take effect until