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IRISH BANKRUPT AND INSOLVENT ACT 1857 - SECT 318 

Property may be mortgaged if more beneficial.

318. If it shall appear to the Court that the debts of any bankrupt ... can be
discharged by means of money raised by way of mortgage on any property of such
person, instead of raising the same by sale, it shall be lawful for the Court
so to order, and to give all necessary directions for such purpose, and
generally to direct all things which may be proper for the discharge of the
debts of such person, in such manner as may be most consistent with the
interests of such person in any surplus of his or her effects after payment of
such debts.

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© 1857 Crown Copyright

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