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 the creditors appoint another trustee4. The notice must also explain that the existing trustee is not obliged to seek the creditors' views on any proposals
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234