Section 347 - Official Receiver to notify creditors
As soon as practicable after receiving an application from a debtor for entry to the no-asset procedure, the Official Receiver shall send a summary of the debtor's assets and liabilities to each known...
Section 362 - Interpretation: Part V
(1) In this Partā
"administrator" has the same meaning as in the Law of Succession Act (Cap. 160);
"beneficiary", in relation to a deceased debtor's estate, means a person who is beneficially...
Section 369 - Estate vests in trustee
(1) The whole of the estate at the date when the application for the order under this Part was lodged vests in the person appointed by the Court to administer it as trustee.
(2) In its order that the...
Section 376 - How any surplus is to be paid
(1) In this section, "surplus" means the surplus of assets that remains with the trustee after the trustee has paid in fullā
(a) the debts due by the deceased debtor;
(b) the costs of the...
Section 381 - Scheme of Part VI
(1) This Part applies to the liquidation of a company registered under the Companies Act (Cap. 486).
(2) A liquidation may be eitherā
(a) voluntary in accordance with Divisions 2 to 5; or (b) by the...
Section 383 - Interpretation: Part VI
(1) In this Partā
"contributories"ā
(a) means all persons liable to contribute to the assets of a company if it is liquidated; and
(b) for the purposes of all proceedings for determining, and all...
Section 389 - Nature of contributory's liability
The liability of a contributory creates an ordinary contract debt due from the contributory at the time when the contributor's liability began, but payable at the times when calls are made to enforce...