56J. Payment and distribution of moneys under debt repayment scheme
Feedback & supportLast amended by an amending law of 2009.
A debtor to whom a debt repayment scheme applies shall make all payments under his debt repayment plan to the Official Assignee.
debtor
“debtor” means the individual to whom a debt repayment scheme applies under this Part;
The Official Assignee may, from time to time, subject to the retention of such sums as may be necessary for the costs and expenses of the administration of the debt repayment scheme, and in accordance with section 56I, the debt repayment plan and such rules as may be prescribed, declare and distribute dividends amongst the creditors who have proved their debts under the scheme and whose debts are included in the plan.
Official Assignee
“Official Assignee” includes a Deputy Official Assignee, a Senior Assistant Official Assignee and an Assistant Official Assignee;
No action for a dividend shall lie against the Official Assignee.
If the Official Assignee refuses to pay any dividend, the court may, if it thinks fit, order the Official Assignee to pay the dividend, and also to pay out of the Consolidated Fund interest thereon for the period that it is withheld and the costs of the application to the court.