Singapore legislation
Clause 21
Clause 21
Amendment of section 81
Section 81 of the Bankruptcy Act is amended —
by deleting the words “The statement of affairs referred to in subsection (2) shall” in subsection (3) and substituting the words “A statement of affairs referred to in subsection (1) or (2)(a) or (b) must be submitted in such form and manner as may be prescribed, and must”;
by deleting paragraph (a) of subsection (3) and substituting the following paragraph:“(a)such particulars of all or any of the following matters as may be prescribed:
the bankrupt’s assets;
the bankrupt’s creditors, debts and other liabilities;
the bankrupt’s current income from any source;
the bankrupt’s current employment status and employment history;
the educational and vocational qualifications, age and work experience of the bankrupt;
the members of the bankrupt’s family;
the monthly expenses necessary for the maintenance of the bankrupt and the bankrupt’s family;”;
by deleting the word “or” at the end of subsection (4)(a);
by deleting the full‑stop at the end of paragraph (b) of subsection (4) and substituting the word “; or”, and by inserting immediately thereafter the following paragraph:“(c)direct the bankrupt in writing to submit, within 21 days after the date of the direction, such supplementary information specified in the direction as the Official Assignee considers necessary to make the statement of the bankrupt’s affairs complete.”;
by deleting the words “this section” in subsection (6)(a) and substituting the words “subsection (1) or (2), or with a direction under subsection (4)(c)”;
by inserting, immediately after the word “affairs” in subsection (6)(c) and (d), the words “, or any supplementary information,”; and
by inserting, immediately after subsection (8), the following subsection:“(9) Where a trustee in bankruptcy is appointed under section 33 to administer a bankrupt’s estate, the trustee must, not later than one month after receiving the statement of affairs or, where the bankrupt has been directed to submit any supplementary information under subsection (4)(c), not later than one month after receiving such supplementary information —
notify the Official Assignee of the administration date for the bankruptcy; and
submit a copy of the statement of affairs and supplementary information (if any) to the Official Assignee.”.