(1) The trustee of a personal insolvency agreement entered into in pursuance of this Part may sue and be sued by the prescribed official name and may, by that name, hold, dispose of or acquire property of every description, make contracts, enter into engagements binding on the trustee and his or her successors in office and do all other acts and things necessary or expedient to be done in the execution of the office of trustee.
(2) For the purposes of subsection (1), the prescribed official name is "The Trustee ( or Trustees) of the Property of ( name of debtor ), a Debtor".