Cap. 13 Art. 501Preservation of rights.

(1) The bankruptcy trustee, once appointed, shall take every necessary step for the preservation of rights previously pertaining to the bankrupt as against his debtors and shall also cause to be registered in the Public Registry any hypothec affecting the property of the debtors of the bankrupt, if the bankrupt has failed to do so.

(2) It shall be the duty of the bankruptcy trustee to sue for the payment of any debts due to the bankrupt, for the benefit of the bankruptcy estate.

(3) It shall not be lawful for the bankruptcy trustee to make any compromise or refer any dispute to arbitration without the consent in writing of the majority in value of the creditors of the bankrupt and the authority of the court.