Singapore legislation

Regulation 13

of Insolvency, Restructuring and Dissolution (Debt Repayment Scheme) Regulations 2020

Regulation 13

Notification of meeting of creditors

Subregulation 1

Where the Official Assignee has assessed that the aggregate amount of a debtor’s debts as stated in the debtor’s statement of affairs does not exceed the amount mentioned in regulation 4(1), the Official Assignee must, within 14 days after receiving from the debtor all the duly completed documents mentioned in regulation 8 and section 290 of the Act, send a notice to convene a meeting of creditors to all the creditors named in the debtor’s statement of affairs.

Subregulation 2

The Official Assignee must convene the meeting of creditors within 21 days after the date of the notice.