Singapore legislation
Clause 4
Clause 4
Amendment of section 25
Section 25 of the Bankruptcy Act is amended by deleting subsection (1) and substituting the following subsections:“(1) The Official Assignee shall, for such period as may be prescribed, keep in such form and manner as he determines —
an account of his receipts and payments in respect of his administration of the estate of a bankrupt; and
an account of his receipts and payments in respect of his administration of a debt repayment scheme under Part VA.(1A) The Official Assignee shall, upon payment of the prescribed fee, permit —
the inspection of an account referred to in subsection (1)(a) by the bankrupt, any creditor who has proved his debt in the bankruptcy or any other interested person; and
the inspection of an account referred to in subsection (1)(b) by the debtor to whom the debt repayment scheme relates, any creditor who has proved his debt under the debt repayment scheme or any other interested person.”.