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1036
Enquire within upon everything
·
Robert Kemp Philp
561
1548.
Committee
of
Inspection.
A
committee
of
inspection
must
not
exceed
five,
nor
be
less
than
three,
in
number,
and
must
be
creditors
qualified
to
vote,
or
their
authorised
representatives.
1549.
Bankrupt's
Responsibilities.
The
bankrupt
must
render
every
assistance
to
creditors
in
realizing
his
property.
He
must
produce
a
clear
statement
of
his
affairs
at
the
first
meeting.
He
must
be
present
for
public
examination
on
the
day
named
by
the
Court
and
the
adjournment
thereof.
He
must
also
furnish
a
list
of
debts
due
to
or
from
him.
He
must
attend
all
meetings
of
creditors,
and
wait
on
the
Trustee
when
required
to
answer
any
questions
regarding
his
property,
and
to
execute
all
documents
and
to
carry
out
anything
that
may
be
ordered
by
the
Trustee
or
the
Court.
1550.
Trustee's
Duties
(1).
The
trustee's
duties
are
to
manage
the
estate
and
distribute
the
proceeds,
under
regulation
of
the
committee
of
inspection,
or
of
resolutions
arrived
at
by
the
creditors
at
any
general
meeting.
He
has
to
call
meetings
of
committee
and
creditors
when
necessary.
He
can
transfer
or
dispose
of
the
bankrupt's
property
for
the
benefit
of
the
creditors
as
the
bankrupt
could
have
done
himself
prior
to
his
bankruptcy.
He
can
also
carry
on
the
bankrupt's
business
if
necessary,
compromise
or
arrange
with
creditors,
and
sell
bankrupt's
property
by
public
auction
or
private
contract.
1551.
Trustee's
Duties
(2).
The
trustee
must
render
accounts
to
the
Board
of
Trade
not
less
than
twice
a
year;
and
must
pay
all
money
received
into
the
Bankruptcy
Estates
Account,
kept
by
the
Board
of
Trade
at
the
Bank
of
England,
and
not,
in
any
circumstances,
into
his
private
banking
account.
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