Singapore legislation

Clause 299

of Insolvency, Restructuring and Dissolution Bill

Clause 299

Certificate of inapplicability of debt repayment scheme

The Official Assignee must issue a certificate of inapplicability of a debt repayment scheme in respect of a debtor if —

(a)

the aggregate of the debts mentioned in section 294(1)(a) and proved under the scheme exceeds, at any time, the prescribed amount mentioned in section 289(2)(a); or

(b)

the aggregate of the debts mentioned in section 294(1)(b) and (c) and proved under the scheme exceeds, at any time, a prescribed amount.

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