Singapore legislation

Regulation 56

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

Regulation 56

Nominee’s report on proposal

Subregulation 1

The nominee must submit the nominee’s report to the Court at least 2 days before the interim order ceases to have effect and must exhibit —

(a)

a copy of the debtor’s proposal, with amendments (if any) made under regulation 7 of the Voluntary Arrangements Regulations; and

(b)

a copy or summary of any statement of affairs provided by the debtor.

Subregulation 2

In the nominee’s report, the nominee must inform the Court of the nominee’s opinion as to whether a meeting of the debtor’s creditors should be summoned under section 281 of the Act and the reasons for the nominee’s opinion.

Subregulation 3

The nominee must send a copy of the following documents to any person who has made a bankruptcy application against the debtor at least 2 days before the hearing by the Court to consider the nominee’s report:

(a)

the debtor’s proposal;

(b)

the nominee’s report and the nominee’s comments accompanying it, if any; (c)a summary of the debtor’s statement of affairs.