70. Hand-over of property to supervisor; transactions defrauding creditors.

As soon as reasonably practicable after the approval of the voluntary arrangement, the debtor1 or, where the debtor is an undischarged bankrupt2, the official receiver3 or the debtor's trustee4, must do all that is required for putting the supervisor5 into possession of the assets included in the arrangement6.

Where the debtor is an undischarged bankrupt, the supervisor must, before taking possession of the assets, deliver to the official receiver or any trustee an undertaking to discharge the balance due to the official receiver7 or trustee8 out of the first realisation of the assets or upon taking possession of the assets