Singapore legislation

Regulation 153

of Insolvency, Restructuring and Dissolution (Personal Insolvency) Rules 2020

Regulation 153

Apportionment of costs in case of partnership

Subregulation 1

In the case of a bankruptcy application filed against a partnership, costs payable out of the estate incurred up to and inclusive of the bankruptcy order must be apportioned between the joint and separate estates of the partners in such proportions as the trustee of the joint and separate estates may determine.

Subregulation 2

Where 2 or more persons are appointed as trustees of the joint and separate estates of the partners, the costs mentioned in paragraph (1) must be apportioned in such proportions —

(a)

as may be agreed between all the trustees; or

(b)

failing any agreement mentioned in sub‑paragraph (a) — as determined by the Court upon an application by any of the trustees.

Regulation 153 — Insolvency, Restructuring and Dissolution (Personal Insolvency) Rules 2020