Bankruptcy Act · 1985 Revised Edition · Part I · Proceedings from Act of Bankruptcy to Discharge
15. First and other meetings of creditors
Feedback & supportAs soon as possible after the making of a receiving order against a debtor a general meeting of his creditors, referred to in this Act as the first meeting of creditors, shall be held for the purpose of considering whether a proposal for a composition or scheme of arrangement shall be entertained, or whether it is expedient that the debtor be adjudged bankrupt, and generally as to the mode of dealing with the debtor’s property.
property
“property” includes money, goods, things in action, land and every description of property, whether real or personal and whether situate in Singapore or elsewhere; also obligations, easements and every description of estate, interest and profit, present or future, vested or contingent, arising out of or incident to property as above defined;
With respect to the summoning of and proceedings at the first and other meetings of creditors the rules in the First Schedule shall be observed.