This Chapter applies in relation to any bankruptcy where either—
the appointment of a person as trustee of a bankrupt's estate takes effect, or
the official receiver becomes trustee of a bankrupt's estate.
The function of the trustee is to get in, realise and distribute the bankrupt's estate in accordance with the following provisions of this Chapter; and in the carrying out of that function and in the management of the bankrupt's estate the trustee is entitled, subject to those provisions, to use his own discretion.
The official name of the trustee shall be "the trustee of the estate of ............, a bankrupt" (inserting the name of the bankrupt); but he may be referred to as "the trustee in bankruptcy" of the particular bankrupt.