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 (2018), an Insolvency
Practitioner’s licence is required if he wishes to undertake the above
appointments.