Bankruptcy Act 1966


Division 1 - General  


The duties of the trustee of the estate of a bankrupt include the following:

(a) notifying the bankrupt ' s creditors of the bankruptcy;

(b) determining whether the estate includes property that can be realised to pay a dividend to creditors;

(c) reporting to creditors within 3 months of the date of the bankruptcy on the likelihood of creditors receiving a dividend before the end of the bankruptcy;

(d) (Repealed)

(e) determining whether the bankrupt has made a transfer of property that is void against the trustee;

(f) taking appropriate steps to recover property for the benefit of the estate;

(g) taking whatever action is practicable to try to ensure that the bankrupt discharges all of the bankrupt ' s duties under this Act;

(h) considering whether the bankrupt has committed an offence against this Act;

(i) referring to the Inspector-General or to relevant law enforcement authorities any evidence of an offence by the bankrupt against this Act;

(j) administering the estate as efficiently as possible by avoiding unnecessary expense;

(k) exercising powers and performing functions in a commercially sound way;

(l) the duties imposed on the trustee under Schedule 2 .

19(1A) - (1D)  
(Omitted by No 44 of 1996, Sch 1, Pt 1(74).)

Where a person who became a bankrupt on a creditor ' s petition is unable to prepare a proper statement of affairs, the trustee may employ, at the expense of the estate, a qualified person to assist in the preparation of the statement.

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