Division 1 Jurisdiction
Division 2 Procedure
Division 1 Official Assignee and Official Receiver
Division 2 Trustee in bankruptcy
Division 3 Regulation of insolvency practitioners
Division 1 Preliminary
Division 2 Simplified debt restructuring programme
Division 3 Application for and acceptance into simplified debt restructuring programme
Division 4 Effect of acceptance into simplified debt restructuring programme
Division 5 Compromise or arrangement with creditors or class of creditors
Division 6 Discharge from simplified debt restructuring programme
Division 7 Miscellaneous
Division 1 Preliminary provisions applicable to winding up
Division 2 Provisions applicable to winding up by Court
Subdivision 1 General
Subdivision 2 Liquidators
Subdivision 3 Committees of inspection
Subdivision 4 General powers of Court
Division 3 Provisions applicable to voluntary winding up
Subdivision 1 Preliminary
Subdivision 2 Provisions applicable only to members’ voluntary winding up
Subdivision 3 Provisions applicable only to creditors’ voluntary winding up
Subdivision 4 Provisions applicable to every voluntary winding up
Division 4 Provisions applicable to every mode of winding up
Subdivision 1 General
Subdivision 2 Effect on other transactions
Subdivision 3 Dissolution
Division 1 Preliminary
Division 2 Proof of debts
Division 3 Adjustment of prior transactions
Division 4 Disclaimer of onerous property
Division 5 Offences
Division 6 Management by judicial managers and liquidators
Division 1 Winding up of unregistered companies
Division 2 Liquidation or dissolution of foreign companies
Division 1 Preliminary
Division 2 Simplified winding up programme
Division 3 Application for and acceptance into simplified winding up programme
Division 4 Voluntary winding up of company under simplified winding up programme
Division 5 Discharge from simplified winding up programme
Division 6 Miscellaneous
Division 1 Moratorium for insolvent debtor
Division 2 Consideration and implementation of debtor’s proposal
Division 1 Preliminary
Division 2 Proposal for debt repayment scheme
Division 3 Commencement and administration of debt repayment scheme
Division 4 Cessation of debt repayment scheme
Division 5 Miscellaneous
Division 1 Bankruptcy applications and bankruptcy orders
Division 2 Protection of debtor’s property
Division 1 Bankruptcy
Division 2 Inquiry into bankrupt’s affairs, dealings and property
Division 3 Monthly contribution and target contribution
Division 4 Proof of debts
Division 5 Composition or scheme of arrangement
Division 6 Effect of bankruptcy on antecedent transactions
Division 7 Possession, control and realisation of bankrupt’s property
Division 8 Distribution of property
Division 1 [Omitted as having had effect]
Division 2 Other Acts
| Realisation of security |
| Realisation of security |
223.—(1) In the insolvent winding up of a company, no secured creditor is entitled to any interest in respect of the secured creditor’s debt after the commencement of the winding up, if the secured creditor does not realise the secured creditor’s security within 12 months after the commencement of the winding up or such further period as the liquidator may determine.
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