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of <h1>Bankruptcy Trustee Appointment Rules: Professionals Must Disclose Relationships; Relatives and Associates Prohibited Under Section 24.</h1> A bankruptcy trustee may appoint various professionals, such as accountants, valuers, and advocates, to aid in fulfilling their duties, with their remuneration included in the bankruptcy process cost. However, certain individuals are prohibited from being appointed, including the trustee's relatives, partners or directors of the trustee's insolvency professional entity, associates of the bankrupt, and related parties of the corporate debtor. Before appointment, the trustee must obtain disclosure of any financial or personal relationships between the professional and creditors, the trustee, the corporate debtor, or the bankrupt.
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