Where a voluntary arrangement has been approved by the debtor's1 creditors2 and a bankruptcy order3 is made against the debtor prior to full implementation of the voluntary arrangement4, the order has the effect of bringing the voluntary arrangement to an end5. Where a voluntary arrangement provides for moneys or other assets to be paid or transferred or held for the benefit of creditors under a voluntary arrangement, a trust of those moneys or assets is created for those creditors. The effect of the bankruptcy of the debtor on a trust created by the voluntary arrangement depends on the provisions
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