Singapore legislation

Section 85

of Bankruptcy Act

Section 85

Discretionary powers of Official Assignee and control thereof

(1)

Subject to this Act, the Official Assignee shall, in the administration of the property of the bankrupt, have regard to any directions that are given by resolution of the creditors at any general meeting, and to any advice given by the consultative committee, but so that any directions so given by the creditors at any general meeting shall in case of conflict override any advice given by the consultative committee.

(2)

The Official Assignee may summon general meetings of the creditors for the purpose of ascertaining their wishes, and it shall be his duty to summon meetings at such times as the court directs, or whenever requested in writing to do so by one-fourth in value of the creditors or by the consultative committee.

(3)

The Official Assignee may apply to the court as prescribed for directions in relation to any particular matter arising under the bankruptcy.

(4)

Subject to this Act, the Official Assignee shall use his own discretion in the administration of the property of the bankrupt.