461. Trustee's power of sale.

461.     Trustee's power of sale.

Without the consent of the creditors' committee or the court, the trustee may sell any part of the property for the time being comprised in the bankrupt's estate, including the goodwill and book debts of any business1.

The trustee may accept as the consideration for the sale of any property comprised in the bankrupt's estate a sum of money payable at a future time subject to such stipulations as to security or otherwise as the creditors' committee or the court thinks fit2. The trustee should, however, realise the bankrupt's estate with all reasonable