Singapore legislation

Section 298

of Insolvency, Restructuring and Dissolution Act 2018

Section 298

Cessation of debt repayment scheme

(1)

A debt repayment scheme applicable to a debtor ceases —

(a)

on the date a certificate of inapplicability of the scheme is issued under section 299;

(b)

on the date a certificate of failure of the scheme is issued under section 300(1);

(c)

on the date a certificate of completion of the scheme is issued under section 301(1), despite any subsequent revocation of the certificate under section 302(1);

(d)

upon the debtor being adjudged a bankrupt under this Act; or

(e)

upon the death of the debtor,whichever first occurs.

(2)

Upon the cessation of a debt repayment scheme, the debt repayment plan under the scheme ceases to have effect.