Bankruptcy Act |
Bankruptcy (Variation of Sum of Debts under Section 125 (2) (b)) Rules 1997 |
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Citation and commencement |
1. These Rules may be cited as the Bankruptcy (Variation of Sum of Debts under section 125 (2) (b)) Rules 1997 and shall come into operation on 15th September 1997. |
Variation of sum of debts under section 125 (2) (b) for discharge from bankruptcy |
2. For the purpose of section 125(2)(b) of the Act, the Minister hereby prescribes $250,000 as the amount which shall not be exceeded by the debts which have been proved in bankruptcy for the purpose of the issue by the Official Assignee of a certificate discharging a bankrupt from bankruptcy under section 125(1) of the Act. |
Permanent Secretary, Ministry of Law, Singapore. |