Singapore legislation
Section 22
Section 22
General duties of Official Assignee as regards estate of bankrupt
(1)
The Official Assignee shall have the following duties as regards the estate of a bankrupt administered by him:
to act as the receiver of the bankrupt’s estate and where a special manager has not been appointed under section 113, as the manager thereof;
to raise money or make advances for the purposes of the estate, and to authorise the special manager (if any) to raise money or make advances for the like purposes in any case where in the interests of the creditors it appears necessary to do so;
to summon and preside at all meetings of creditors held under this Act;
to issue forms of proxy for use at the meetings of creditors;
to report to the creditors as to any proposal which he makes with respect to the mode of liquidating the bankrupt’s affairs; and
to advertise the bankruptcy order, the date of any public examination and such other matters as may be necessary to advertise.
(2)
For the purpose of carrying out his duties as receiver or manager, the Official Assignee shall have the same powers as if he were a receiver and manager appointed by the court.
(3)
The Official Assignee shall, as far as practicable, consult the creditors with respect to the management of the bankrupt’s estate, and may for that purpose, if he thinks it advisable, summon meetings of the persons claiming to be creditors.
(4)
The Official Assignee shall account to the court and pay over all moneys and deal with all securities in such manner as the court may, subject to this Act, direct.