Section 133 of Insolvency Act CAP 53: Bankruptcy trustee's powers in relation to goods that are subject to a credit purchase transaction

    

(1) In the case of goods to which section 131 applies, the bankruptcy trustee may—
(a) within the thirty-day period referred to in that section, exercise any right conferred by any relevant written law to introduce a buyer for the goods; or
(b) at any time before the creditor sells or agrees to sell the goods under a power conferred by any such law or by the relevant credit purchase transaction, settle the bankrupt's obligations as debtor in accordance with that law or that transaction.
(2) This section applies irrespective any other written law to the contrary.


Disclaimer: This document is not to be taken as legal advise.

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