Subject to the provisions of sections one hundred and nine and one hundred and ten, a trustee shall within a period of six months as from the date of his appointment, submit to the Master a liquidation account and a plan of distribution of the proceeds of the property in the estate available for payment to creditors, or, if all realizable property in the estate has been realised and brought to account and the proceeds are insufficient to cover the costs and charges mentioned in section ninety-seven, a plan of contribution apportioning the liability for the deficiency among creditors who are liable to contribute.