Singapore legislation

Regulation 82

of Insolvency, Restructuring and Dissolution (Bankruptcy) Regulations 2020

Regulation 82

Discharge by certificate of Official Assignee

Before issuing a certificate of discharge under section 395 of the Act, the Official Assignee must, where there are funds available in the estate of the bankrupt in question, reserve a reasonable sum for the costs of the bankruptcy application and declare dividends to the creditors who have proved their debts to the satisfaction of the trustee of the bankrupt’s estate without the necessity of advertising for further claims.