Singapore legislation

Clause 22

of Bankruptcy (Amendment) Bill

Clause 22

Amendment of section 82

Section 82 of the Bankruptcy Act is amended —

(a)

by deleting subsection (1) and substituting the following subsection:“(1) A bankrupt who has not obtained a discharge must, when directed by the Official Assignee, submit to the Official Assignee an account of —

(a)

all moneys and property which have come to the bankrupt’s hands for the bankrupt’s own use during such period as the Official Assignee may specify; and

(b)

the moneys and property which have been expended in the expenses necessary for the maintenance of the bankrupt and the bankrupt’s family during the same period.”; and

(b)

by deleting the words “subsection (1)(a) or (b)” in subsection (2) and substituting the words “subsection (1)”.