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← Insolvency, Restructuring and Dissolution Act 2018

Insolvency, Restructuring and Dissolution Act 2018 s 333

s 333 Bankrupt to submit accounts

333.—(1) A bankrupt who has not obtained a discharge must, when directed by the Official Assignee, submit to the Official Assignee —(a) an account of all moneys and property that have come to the bankrupt’s hands for the bankrupt’s own use during such period as the Official Assignee may specify, including a statement of specified particulars of the bankrupt’s current employment status and employment history if the Official Assignee so directs; and[Act 1 of 2023 wef 01/11/2023] (b) an account of the moneys and property that have been expended in the expenses necessary for the maintenance of the bankrupt and the bankrupt’s family during the same period.[Act 1 of 2023 wef 01/11/2023] (2) A bankrupt who fails to comply with subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $10,000 or to imprisonment for a term not exceeding 2 years or to both and, in the case of a continuing offence, to a further fine not exceeding $200 for every day or part of a day during which the offence continues after conviction.

Read this section in the full act → · Open Division 2 →

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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