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← Insolvency, Restructuring and Dissolution Act 2018

Insolvency, Restructuring and Dissolution Act 2018 s 302

s 302 Revocation of certificate of completion of debt repayment scheme

302.—(1) The Official Assignee may at any time, by notice in writing to a debtor, revoke a certificate of completion of a debt repayment scheme issued under section 301(1) in respect of the debtor if the Official Assignee is satisfied that the debtor —(a) did not to the best of the debtor’s knowledge or belief disclose to the Official Assignee all the debtor’s property or the disposal of the debtor’s property (or any part of the debtor’s property); or (b) had obtained the approval or modification of the debt repayment plan under the scheme by means of fraud, false representation or the concealment of any material fact. (2) Subsection (1)(a), in relation to the disposal of property, does not apply to the payment of ordinary expenses of the debtor and the debtor’s dependants. (3) Upon the revocation of the certificate of completion of the debt repayment scheme, the debtor’s release from the debtor’s debts under section 301(2) ceases.

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Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. Read the official text ↗

Source: Singapore Statutes Online (Attorney-General's Chambers), © Government of Singapore.

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