Singapore legislation

Clause 55

Licensed insolvency practitioner not to act under certain circumstances

A licensed insolvency practitioner must not act as an insolvency practitioner at any time when the licensee —

(a)

has been adjudged a bankrupt and has not been discharged from bankruptcy;

(b)

is subject to a disqualification order made under section 149 of the Companies Act;

(c)

is subject to a debt repayment scheme under Part 15;

(d)

is subject to a voluntary arrangement under Part 14; or

(e)

is subject to any procedure, order, scheme or arrangement under the laws of any foreign country similar to those mentioned in paragraphs (a) to (d).