Bankruptcy Act · 2009 Revised Edition · Part V · Voluntary Arrangements
46. Nominee
Feedback & supportLast amended by an amending law of 1999.
Every debtor making a proposal for the purpose of this Part shall in such proposal appoint a nominee to act in relation to the voluntary arrangement either as trustee or otherwise for the purpose of supervising its implementation.
debtor
“debtor” means the individual to whom a debt repayment scheme applies under this Part;
No person shall be appointed as a nominee unless he is —
nominee
“nominee” means the person appointed by virtue of a debtor’s proposal for a voluntary arrangement under Part V to act as trustee or otherwise to supervise the implementation of the voluntary arrangement and includes —(a)any replacement of such person pursuant to a direction under section 49(3)(a) or an order under section 55(5); and(b)any person upon whom the functions of the nominee have been conferred by a creditors’ meeting pursuant to section 51(3);
registered as a public accountant under the Accountants Act (Cap. 2);
an advocate and solicitor; or
such other person as the Minister may, by order published in the Gazette, prescribe.
The Minister may make rules prescribing the scale of fees to be charged by nominees assisting debtors in respect of voluntary arrangements.