Bankruptcy Act · 2021 Revised Edition · Part 3
60. Powers of trustee to deal with property
Official textFrom Attorney General's Chambers, unchanged
Subject to the provisions of this Act and to any order of the Court, the trustee may do all or any of the following things -
Bankruptcy
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sell all or any part of the property of the bankrupt
property
"property" includes money, goods, things in action, land and every description of property, whether real or personal and whether situate in Brunei Darussalam or elsewhere, also obligations, easements and every description of estate, interest and profit, present or future, vested or contingent, arising out of or incident to property as above defined;
(including the goodwill of the business. if any, and the book debts due or growing due to the bankrupt). by public auction or private contract, with power to transfer the whole thereof to any person or company, or to sell the same in parcels, and any transfer of a business of a bankrupt by the Oficial Receiver or trustee is deemed to be exempted from the provisions of any written law relating to the fraudulent transfer of businesses;
give receipts for any money received by him, which receipts shall effectually discharge the person paying the money from all responsibility in respect of the application thereof;
prove, rank, claim and draw a dividend in respect of any debt due to the bankrupt; and
exercise any powers the capacity to exercise which is vested in the trustee under this Act and execute any powers of attorney, deeds and other instruments for the purposes of carrying into effect the provisions of this Act.
Terms defined in s 2
property
Defined · s 2"property" includes money, goods, things in action, land and every description of property, whether real or personal and whether situate in Brunei Darussalam or elsewhere, also obligations, easements and every description of estate, interest and profit, present or future, vested or contingent, arising out of or incident to property as above defined;
Chapter
Chapter 19), unless he informs the trustee in writing to the contrary, is deemed to be his last known address for the purpose of subsection (3).
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