Singapore legislation

Clause 36

Amendment of section 109

Section 109 of the Bankruptcy Act is amended —

(a)

by deleting the words “subsection (5)” in subsection (4) and substituting the words “subsection (5)(a) but subject to subsection (5)(b)”; and

(b)

by deleting subsection (5) and substituting the following subsection:“(5) The court —

(a)

may, in its discretion, fix a larger or smaller amount than the amount provided in the scale; but(b)must not do any of the following:

(i)

order the payment, on a monthly basis out of the bankrupt’s monthly income, of any amount which exceeds the bankrupt’s monthly contribution;

(ii)

order the payment of any amount which exceeds the difference between the bankrupt’s target contribution and what has been paid towards the bankrupt’s target contribution;

(iii)

order the payment of any amount that is needed for the maintenance of the bankrupt and the bankrupt’s family.”.

Read in full context — Bankruptcy (Amendment) Bill →