Section 314: Powers of trustee.

Insolvency Act 1986 · 1986 c. 45View on legislation.gov.uk

Part IX: Bankruptcy — Chapter IV: Administration by Trustee

The trustee may exercise any of the powers specified in Parts 1 and 2 of Schedule 5.

... the trustee may appoint the bankrupt—

to superintend the management of his estate or any part of it,
to carry on his business (if any) for the benefit of his creditors, or
in any other respect to assist in administering the estate in such manner and on such terms as the trustee may direct.

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Part III of Schedule 5 to this Act has effect with respect to the things which the trustee is able to do for the purposes of, or in connection with, the exercise of any of his powers under any of his Group of Parts.

Nothing in this Act is to be construed as restricting the capacity of the trustee to exercise any of his powers outside England and Wales.

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Reuse reviewed 21 August 2026 under Open Government Licence v3.0.