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Trustee's Duties
Sections 69 to74
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Trustee must take charge of property of estate
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Banking accounts and investments
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Record of all receipts
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Unlawful retention of moneys or use of property by trustee
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Trustee may obtain legal assistance
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Improper advising or conduct of legal proceedings
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Definition Insolvency vs Bankruptcy
How to file for Bankruptcy
If insolvent partner enters into composition, trustee of partnership estate may take over his estate
What is Bankruptcy?
Cooperation and direct communication between trustee, liquidator, judicial manager, curator of institution, or receiver and foreign courts or foreign representatives