Singapore legislation

Regulation 13A

of Insolvency, Restructuring and Dissolution (Bankruptcy) Regulations 2020

Regulation 13A

Remuneration sought by trustee in bankruptcy

Amended byS 689/2023 wef 01/11/2023

Subregulation 1

For the purposes of section 41(4)(a) of the Act, the prescribed manner for the trustee to notify the creditor of the remuneration sought by the trustee is by notice in Form BR-18 sent to the creditor —

(a)

by registered post to the creditor’s usual or last known place of residence or business or at any address furnished by the creditor; or

(b)

by electronic means in accordance with section 442(1) of the Act.

Subregulation 2

For the purposes of section 41(4)(b) of the Act —

(a)

the prescribed manner for the creditor to object to the remuneration is by notice in Form BR-19 sent to the trustee; and

(b)

the prescribed time is —

(i)

if the notice was sent to the creditor under paragraph (1)(a) — 21 days after the day the notice is delivered; or

(ii)

if the notice was sent to the creditor under paragraph (1)(b) — 21 days after the day the notice is deemed to be delivered under section 442(3) or (4) of the Act.