Sequestration where debtor has few assets
6Circumstances where Accountant in Bankruptcy appointed as trustee
In section 2 of the 1985 Act (appointment and functions of trustee in sequestration)—
(a)
in subsection (1A), for “(1C)” substitute “
(1D)
”
, and
(b)
after subsection (1C) insert—
“(1D)
The Accountant in Bankruptcy is not to make an appointment under subsection (1A) where—
(a)
the debtor application is made by a debtor to whom section 5(2ZA) applies, and
(b)
the Accountant in Bankruptcy awards sequestration of the debtor's estate.”.