Singapore legislation

Regulation 22

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

Regulation 22

Form and manner of appeal to Appeal Panel

Subregulation 1

Every appeal to the Appeal Panel from a decision of the Official Assignee under section 291 or 295 of the Act must —

(a)

be made in Form DRS-2 no later than 14 days after the date of the notice of the decision of the Official Assignee;

(b)

explain the manner in which the debt repayment plan as approved by the Official Assignee unfairly prejudices the interests of the appellant;

(c)

be signed by the appellant; and

(d)

be accompanied by the appropriate fee.

Subregulation 2

A copy of the appeal mentioned in paragraph (1) must be served on the Official Assignee on the same day on which it is submitted to the Chairperson.

Subregulation 3

The Official Assignee must, within 14 days after the date on which the Official Assignee is served a copy of the appeal, submit to the Chairperson a written statement stating briefly the reasons for the Official Assignee’s decision that is being appealed against.