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What are the roles of an official Assignee?

After filing for bankruptcy, the court assigned me with an Official Assignee. I know that the Official Assignee is here to help with the distribution of my monthly contributions, however I would like to know the specific roles of an Official Assignee and what they actually do to help me with my Bankrupt Estate.

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    Basicallt the roles of an Official Assignee is to oversee the bankruptcy estate by planning monthly contributions to be paid, selling liquid assets to pay off creditors and to determine what the taret contribution is. The OA is also responsible for managing your affairs and to assist you in obtaining a discharge from bankruptcy.

    2020.03.24 15:44

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First, if you are declared as bankrupt then all your assets except those that are protected from bankruptcy,such as HBD flats would be sold and the proceeds would be placed in the bankruptcy estate. SecondThe property sold to the bankruptcy estate cannot be used to pay off your target contributions.

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