(1) On the passing of the bankruptcy order—

1. the estate of the bankrupt shall vest in the bankruptcy trustee;
2. the bankrupt shall be divested of his estate.

(2) During the period of the bankruptcy order—

1. any pending legal action or legal proceeding in respect of any debt shall be deemed to have been stayed;
2. the creditors of the bankrupt shall not initiate any legal action or proceedings in respect of any debt;
3. the bankrupt shall not transfer, alienate, charge or encumber his assets;
4. the bankrupt shall not act as a director of any company or directly or indirectly take part in or be concerned in the promotion, formation or management of a company;
5. the bankrupt shall not be appointed or act as a trustee or representative of any creditor; and
6. the bankrupt shall not be eligible to be appointed as an insolvency professional under this Code.