144. Mortgage by trustee in bankruptcy.

144.     Mortgage by trustee in bankruptcy.

The trustee in bankruptcy has the power to mortgage any part of the property comprised in the bankrupt's estate with the sanction of the creditors' committee1 or the court for the purpose of raising money for the payment of the bankrupt's debts2. The official receiver, while acting as interim receiver between the presentation of the petition and the making of the order or while acting as receiver before the property vests in the trustee in bankruptcy, has no such power to mortgage land3.