Singapore legislation

Section 82

of Bankruptcy Act

Section 82

Release of Official Assignee

(1)

When the Official Assignee has realised all the property of the bankrupt, or so much thereof as can in his opinion be realised without needlessly protracting the proceedings in bankruptcy, and distributed a final dividend, if any, or has ceased to act by reason of a composition having been approved, or has resigned or has vacated or been removed from his office, the court shall, on his application, cause a report on his accounts to be prepared, and, on his complying with all the requirements of the court, shall take into consideration the report and any objection which is urged by any creditor or person interested against the release of the Official Assignee, and shall either grant or withhold the release accordingly.

(2)

Where the release of the Official Assignee is withheld the court may, on the application of any creditor or person interested, make such order as it thinks just, charging the Official Assignee with the consequences of any act or default he has done or made contrary to his duty.

(3)

An order of the court releasing the Official Assignee shall discharge him from all liability in respect of any act done or default made by him in the administration of the affairs of the bankrupt or otherwise in relation to his conduct as Official Assignee, but the order may be revoked on proof that it was obtained by fraud or by suppression or concealment of any material fact.

Section 82 — Bankruptcy Act | laws.sg