Singapore legislation

Regulation 49

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

Regulation 49

Resignation of trustee in bankruptcy

Subregulation 1

The affidavit supporting an application by a trustee in bankruptcy under section 44(3)(b) of the Act must exhibit the report mentioned in paragraph (2).

Subregulation 2

A report on the work done in relation to a bankrupt’s estate which is to be submitted to the Official Assignee under section 44(4)(a) of the Act must contain particulars of the following:

(a)

the total amount of debts owed to creditors who have filed proofs of debt;

(b)

the property of the bankrupt comprised in the bankrupt’s estate and the status of the realisation of such property;

(c)

the monthly contribution and target contribution for the bankruptcy;

(d)

the payments that have been made by the bankrupt to the bankrupt’s estate;

(e)

any other payments that have been made to the bankrupt’s estate;

(f)

any payments that have been made out of the bankrupt’s estate;

(g)

any outstanding work to be done in relation to the administration of the bankruptcy;

(h)

such other information relating to the administration of the bankruptcy by the trustee in bankruptcy as is required by the Official Assignee.

Read in full context — Insolvency, Restructuring and Dissolution (Personal Insolvency) Rules 2020 →