Singapore legislation
Section 56K
Section 56K
Cessation of debt repayment scheme
Amended by6/20096/2009
(1)
A debt repayment scheme applicable to a debtor shall cease —
(a)
on the date a certificate of inapplicability of the scheme is issued under section 56L;
(b)
on the date a certificate of failure of the scheme is issued under section 56M(1);
(c)
on the date a certificate of completion of the scheme is issued under section 56N(1), notwithstanding any subsequent revocation of the certificate under section 56O(1);
(d)
upon the debtor being adjudged a bankrupt under this Act; or
(e)
upon the death of the debtor,whichever first occurs.
Amended by6/2009
(2)
Upon the cessation of a debt repayment scheme, the debt repayment plan under the scheme shall cease to have effect.
Amended by6/2009