Singapore legislation
Section 27
Section 27
Withdrawals by undischarged bankrupts
(1)
Subject to this section or any regulations made under this Act, a member who is an undischarged bankrupt is not entitled to make withdrawals from the amount standing to the member’s credit in the Fund.
(2)
The Board may, in its discretion but only after the Board is satisfied that all repayments of any loan given to the member by the Government under an approved loan scheme within the meaning of section 14A, together with all interest and other charges which the member is liable to pay to the Government under the terms and conditions of that loan, have been paid, allow a member who is an undischarged bankrupt to withdraw from the amount standing to his or her credit in the Fund if —
the member satisfies any of the grounds for withdrawals specified in section 15(2); and
the member satisfies such conditions as may be specified by the Minister from time to time.
(2A)
Any moneys paid out of the Fund to that member —
are not assignable, transferable, attached, sequestered or levied upon for or in respect of any debt or claim;
are not subject to any set-off of any nature for any debt owing by that member;
do not pass to the Official Assignee; and
are deemed not to form part of the property of that member.
(3)
Where withdrawals are made by a member who is an undischarged bankrupt under subsection (2), the Board may impose such condition (including condition as to the amounts that may be withdrawn by the undischarged bankrupt) as it may think fit.
(4)
[Deleted by Act 31 of 2003]
(5)
All applications for withdrawals under this section must be in such form, and must be supported by such evidence, as the Board may reasonably require.