(1)After considering an application for conversion of a protected trust deed into a sequestration, AiB may make such order as AiB thinks fit.
(2)If AiB makes an order for conversion into sequestration, the order may contain all such consequential provisions as AiB thinks necessary or desirable.
(3)The provisions of this Act apply to an order made by AiB under subsection (1) as if the order were a determination by AiB of a debtor application—
(a)under section 22(1), and
(b)in relation to which the member State liquidator is a concurring creditor.
(4)On AiB making an order for conversion into sequestration under subsection (1), any expenses properly incurred as expenses of the administration of the trust deed in question become a first charge on the debtor’s estate.