Insolvency Practitioner

 

** Insolvency Practitioner**

An Insolvency Practitioner is a professional person who administer the affairs and properties of the wound up company or bankrupt. The work of an Insolvency Practitioner may entails any of the following: -
Liquidator or provisional liquidator of the corporation Judicial manager or interim judicial manager of the corporation Receiver or manager of the property of the corporation company Receiver or manager of the property in Singapore of a corporation Trustee of a bankrupt’s estate Nominee of a voluntary arrangement

Who requires a licence?
Under the Insolvency, Restructuring and Dissolution Act (20XX), an Insolvency Practitioner’s licence is required if he wishes to undertake the above appointments.