Singapore legislation

Section 299

of Insolvency, Restructuring and Dissolution Act 2018

Section 299

Certificate of inapplicability of debt repayment scheme

The Official Assignee must issue a certificate of inapplicability of a debt repayment scheme in respect of a debtor if —

(a)

the aggregate of the debts mentioned in section 294(1)(a) and proved under the scheme exceeds, at any time, the prescribed amount mentioned in section 289(2)(a); or

(b)

the aggregate of the debts mentioned in section 294(1)(b) and (c) and proved under the scheme exceeds, at any time, a prescribed amount.

Section 299 — Insolvency, Restructuring and Dissolution Act 2018