(1) The following applies where a person engaged in any business makes a general assignment to another person of his existing or future book debts, or any class of them, and is subsequently [made] bankrupt.
(2) The assignment is void against the trustee of the bankrupt's estate as regards book debts which were not paid before the [making of the bankruptcy application or (as the case may be) the] presentation of the bankruptcy petition, unless the assignment has been registered under the Bills of Sale Act 1878.
(3) For the purposes of subsections
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