Trustee recordkeeping obligations require completion and maintenance of estate books and receipts, with separate accounts for ongoing business.

Bankruptcy trustees must complete and bring up-to-date any incomplete books of account within sixty days of the bankruptcy commencement date, maintain cash book, ledgers, registers and other books required for estate administration, keep receipts for all payments and expenses related to the bankruptcy process, and, if authorised to carry on the bankrupt's business, keep separate business books that conform as far as possible with the bankrupt's prior accounting practices.

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