Powers of trustee
(A) Of his own initiative, he may:
1. Sell and transfer any part of the bankrupt's property;
2. Gives receipts for money received;
3. Take all necessary steps to recover debts due to the bankrupt;
4. Exercise any powers vested in him under the bankruptcy act (cap.53)
5. Bar an entail; and
6. Do all necessary or expedient acts in his official name.
(B) With permission of the committee of inspection or the court, he may:
1. Carry on the business of the bankrupt;
2. Bring and defend legal proceedings relating to the bankrupt's property;
3. Employ a solicitor or other agent;
4. Sell property in consideration of a future payment;
5. Mortgage or pledge any part of the property;
6. Refer disputes to arbitration and compromise claims;
7. Distribute property in specie among creditors;
8. Appoint the bankrupt to manage his property or carry on his trade for the benefit of the creditors; and
9. Pay such allowances as he thinks fit to the bankrupt for the support of himself and of his family.