A buyer will usually only be affected by the bankruptcy of the seller if a bankruptcy entry appears on the result of his official search or on official copies of the title1. The entry may reveal either the presentation of the petition or the making of a bankruptcy order2.
If the bankrupt was the sole proprietor of the land, the legal estate in the property passes to his trustee in bankruptcy and the buyer must deal only with the trustee and not the seller. The trustee may, however, by the giving of a prescribed notice, disclaim any onerous property, which
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