Singapore legislation
Regulation 18
of Insolvency, Restructuring and Dissolution (Debt Repayment Scheme) Regulations 2020
Regulation 18
Approval of debt repayment plan
Subregulation 1
Where the Official Assignee does not make the decision whether to modify a debt repayment plan at a meeting of creditors convened under section 295(2) of the Act, the Official Assignee must make the decision whether to approve or modify the debt repayment plan within 14 days after the conclusion of that meeting.
Subregulation 2
The Official Assignee must, within 7 days after the decision mentioned in paragraph (1) is made, notify in writing the debtor and all the creditors concerned of the decision.