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Explanatory Memorandum to Insolvency (Northern Ireland) Order 2005

Article 19: Powers of trustee in bankruptcy

Article 19 brings in a requirement for trustees to obtain sanction (approval), usually of the creditors or the High Court, before taking action under Article 312 (transactions at an undervalue), 313 (preferences), or 367 (transactions defrauding creditors) of the Insolvency (Northern Ireland) Order 1989.

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