Section 39
SEC 39. The assignee shall as speedily as possible convert the estate, real and personal, into money, lie shall keep a regular account of all moneys received by him as assignee, to which every creditor or other person interested therein may at all reasonable Private sales, times, have access. No private sale of any property of the estate of an insolvent debtor shall be valid unless made under the order of the court, upon a petition in writing, which shall set forth the facts showing the sale to be necessary. Upon filing; the petition, notice of the hearing thereof of at least ten days shall be given by publication and mailing, in the same manner as is provided in section nineteen of this Act. If it appears that a private sale is for the best interests of the estate, the court shall order it to be made.