383. In general.

(6)     Administration of Bankrupt's Estate; Trustee's Powers; Property Available for Creditors

(i)     Vesting of Property in Trustee

383.     In general.

The object of bankruptcy law is that all the property comprised in the bankrupt's estate1 should be realised by the trustee in bankruptcy and divided among the bankrupt's creditors2. Subject to certain statutory exceptions, the bankrupt's estate comprises:

  1.  

    (1)     all property belonging to or vested in the bankrupt at the commencement of the bankruptcy3; and

  2.  

    (2)     any property which is comprised in that estate or is treated as falling within