CTHRepealedAct
Bankruptcy Act 1924
Second Part.Second Part.
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## Second Part.
This Deed, made the day of One thousand nine hundred and , in pursuance of Part XI. (or Part XII. as the case may be) of the Bankruptcy Act 1924, between , of in the State of , , of the one part, and , of , in the said State of the other part: Witnesseth, that in consideration of the release hereinafter contained, the said (assignor) doth by these presents grant and assign unto the said (trustee) his heirs, executors, administrators, and assigns, who and every other trustee or trustees for the time being
hereof are hereinafter called “the said trustee,” all the real and personal property and estate, of which the said (assignor) is possessed, or of which any person or persons in trust for him is or are possessed, or to which he or any such person or persons is or are entitled legally or equitably in possession, reversion, remainder, or expectancy, and which are more particularly described, so far as the said (assignor) is able to set forth the same, in the First Schedule hereto annexed, except such articles of household furniture and wearing apparel of the said (assignor) and his family, and other like necessaries, not exceeding in the whole the value of Fifty Pounds, and such other household property as a majority of the creditors may by resolution determine to the intent that the real and personal property and estate hereinbefore granted and assigned shall be held by the said trustee by virtue hereof and subject to the provisions of Part XI. (or Part XII. as the case may be) of the Bankruptcy Act 1924: And to the further intent that the said (assignor) shall be and he is hereby released from all debts and liabilities which, under the said Act, would have been provable under his bankruptcy had he been adjudicated bankrupt on the day of the date of these presents: And it is hereby declared and agreed subject to the said Act that in addition to and without any revocation, limitation, or restriction whatsoever of the powers and authorities conferred upon the said trustee by virtue of the said Bankruptcy Act 1924, it shall and may be lawful for the said trustee, when and as to him shall seem best, to sell and dispose of the said estate and premises hereby conveyed and assigned, or intended so to be, to any person or persons whomsoever, either by public auction or private contract, or by both such methods, and either together or in lots, as to the said trustee shall seem most advantageous, and subject to any special or other conditions, and in such manner in all respects as the said trustee may think proper, with full power to buy in or to rescind any contract for sale, and to resell without being responsible for any loss occasioned thereby, and to do, make, sign, execute, and deliver any act, thing, deed, or instrument whatsoever that may be necessary for completing any such sale or contract, and for vesting the property sold in the purchaser or purchasers respectively. And it is declared that the receipt or receipts of the said trustee for the property sold, or any part thereof, shall effectually discharge the purchaser or purchasers paying the same therefrom and from being concerned as to the disposition or application thereof in any way whatsoever. And it shall also be lawful for the said trustee, as soon as conveniently may be, to collect, get in, and receive all outstanding debts and sums of money whatsoever, and to make, sign, and give all necessary receipts and discharges for all moneys paid to him by any person or persons whatsoever; and to pay all costs, charges, and expenses of the said (assignor), and of the said trustee of and preparatory and incidental to the making, preparation, and completion of these presents, and all other costs, charges and expenses, touching, relating to, or concerning the execution of the powers contained in these presents or conferred by the said Bankruptcy Act 1924, or otherwise: And it shall also be lawful for the said trustee to retain for his own remuneration a commission as fixed by the creditors in accordance with Part XI. (or Part XII. as the case may be) of the Bankruptcy Act 1924 and after full payment of all such charges, expenses, and commission as aforesaid, the said trustee shall apply and apportion the residue of the moneys arising from the sale, disposition, and getting in of the said premises hereinbefore respectively conveyed and assigned, and other the moneys coming to his hands hereunder in manner directed in the said Part XI. (or Part XII. as the ease may be) of the Bankruptcy Act 1924: And it is hereby declared that in case the moneys arising from the sale and getting in of the estate hereby conveyed and assigned shall be more than sufficient to satisfy the several debts and liabilities of the said (assignor), together with all costs, charges, expenses, and commission whatsoever of or incidental to the execution of the trusts hereof or payable hereunder, the said trustee shall pay the surplus, if any, unto the said (assignor), his executors, administrators, or assigns.
In witness whereof the said parties to these presents have hereunto set their hands and seals the day and year first before-written.
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<table cellspacing="0" cellpadding="0" style="margin-bottom:0pt; border-collapse:collapse"><tbody><tr><td colspan="3" style="width:219.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-left:14.4pt; margin-bottom:3pt; text-indent:14.4pt; line-height:normal; font-size:9pt"><span style="height:0pt; display:block; position:relative; z-index:2"><img src="image.002.png" width="12" height="70" alt="" style="margin-top:0.68pt; margin-left:195.07pt; position:absolute"></span><span style="font-family:'Times New Roman', serif">Signed, sealed, and delivered by the</span></p></td></tr><tr><td style="width:93.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-bottom:3pt; text-align:justify; line-height:normal; font-size:9pt"><span style="font-family:'Times New Roman', serif">said</span></p></td><td style="width:35.1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-bottom:3pt; text-align:justify; line-height:normal; 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padding-left:5.4pt; vertical-align:top"><p style="margin-bottom:3pt; text-align:justify; line-height:normal; font-size:9pt"><span style="font-family:'Times New Roman', serif"></span></p></td></tr><tr><td style="width:93.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-bottom:3pt; text-align:justify; line-height:normal; font-size:9pt"><span style="font-family:'Times New Roman', serif">the</span></p></td><td style="width:35.1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-bottom:3pt; text-align:justify; line-height:normal; font-size:9pt"><span style="font-family:'Times New Roman', serif">day of</span></p></td><td style="width:69.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-bottom:3pt; text-align:right; line-height:normal; font-size:9pt"><span style="font-family:'Times New Roman', serif">,19,</span></p></td></tr><tr><td style="width:93.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-bottom:3pt; text-align:justify; line-height:normal; font-size:9pt"><span style="font-family:'Times New Roman', serif">in the presence of</span></p></td><td style="width:35.1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-bottom:3pt; text-align:justify; line-height:normal; font-size:9pt"><span style="font-family:'Times New Roman', serif"></span></p></td><td style="width:69.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-bottom:3pt; text-align:justify; line-height:normal; font-size:9pt"><span style="font-family:'Times New Roman', serif"></span></p></td></tr></tbody></table>
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