Insolvency, Restructuring and Dissolution Act 2018 · 2020 Revised Edition · Part 3 · Official Assignee, Official Receiver and Insolvency Practitioners
28. Bankruptcy Estates Account and Debt Repayment Schemes Account
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Official Assignee
“Official Assignee” means the Official Assignee appointed under section 16(1) and includes a Deputy Official Assignee, a Senior Assistant Official Assignee and an Assistant Official Assignee;
an account, to be called the Bankruptcy Estates Account, into which all moneys received by the Official Assignee under this Part, Part 13 or 14 or Parts 16 to 22 must, subject to this Act, be paid; and
an account, to be called the Debt Repayment Schemes Account, into which all moneys received by the Official Assignee under Part 15 must, subject to this Act, be paid.
All payments out of moneys standing to the credit of the Official Assignee in the Bankruptcy Estates Account or the Debt Repayment Schemes Account are to be made by the bank with which the Bankruptcy Estates Account or the Debt Repayment Schemes Account (as the case may be) is kept, in such manner as the Official Assignee thinks fit.
debt
“debt” means any debt, or any liability to pay money, that is unsecured, present, certain, and of an amount that is fixed or liquidated;