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; and6. 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; and9. Pay such allowances as he thinks fit to the bankrupt for the support of himself and of his family.