Singapore legislation

Regulation 15

of Insolvency, Restructuring and Dissolution (Judicial Management) Regulations 2020

Regulation 15

Contents of proof

Subregulation 1

A declaration proving a debt must be in accordance with Form JM‑8.

Subregulation 2

A proof of debt must state the following matters:

(a)

the creditor’s name and address (including an electronic mail address, if available);

(b)

the total amount of the creditor’s claim as at the date on which the company entered judicial management;

(c)

whether the amount claimed includes interest within the meaning of section 222(4) of the Act and, if so —

(i)

the amount of interest that has accrued as at the date on which the company entered judicial management;

(ii)

the rate of interest; and

(iii)

the period for which the interest was calculated;

(d)

whether or not the amount claimed includes goods and services tax and, if so, the amount of the tax;

(e)

the particulars of how and when the debt was incurred by the company;

(f)

the particulars of any security held by the creditor, the date on which the security was given and the value at which the secured creditor assesses the security;

(g)

the name, address and authority of the person filing the proof, if that person is not the creditor.

Subregulation 3

The documents substantiating the claim specified in the proof of debt must accompany the proof of debt.