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.

Search other products or providers:

  • user image

    No Name

    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

    Please leave your knowledge and opinion!

    Related Forums

    Would my future employers know if I ever filed for a bankruptcy in the past?

    WHat would happen if I have been declared bankrupt?

    Would it be possible for someone else in the business owner's family to file for bankruptcy on behalf of the owner?

    Which of my assets can be part of my bankruptcy estate?

    Bank account was forced to close because of a company's bankruptcy

    Will my family members be required to help me repay my debt?

    Related Reviews

    Awesome features and top-notch security measures

    Revolut / Revolut

    I like how you can transfer your cash out and it’s liquid and at the same time you can use it for overseas payments. Love the feature of the one- time destroyable card number to protect your wallets from fraudsters. Very simple and straightforward user interface. Topping up the account was easy using credit card and there were plenty of security tools that allows you to turn on & off real time to keep your account safe. Real time viewing of exchange rate in app is definitely a function that I love so that I can do the conversion real time to know how much I will be spending in local currency.

    No refunding from wallet if there is an error in the process of toping up an amount

    NETSPay / Electronic Transfers Singapore

    This platform provides zero flexibility of refunding from wallet if there is an error in the process of toping up the amount. Been told by Customer service that the only way is to terminate the account and the refund will be credited after 2 weeks. The UI as well have to be clear at the home screen on which default payment mode are we on as I've been told that the payment mode might switch every time after updating the app

    You don’t need to top up credits to send a transfer

    OCBC Pay Anyone / Oversea-Chinese Banking Corporation

    OCBC PayAnyone works in the same way as DBS PayLah. The main difference however, is that while you can still register an account with DBS PayLah without a DBS/POSB account, OCBC Pay Anyone is connected to your bank account so you need an OCBC account to use Pay Anyone. The transactions are then credited to and deducted from OCBC savings or current accounts. You don’t need to top up credits.The good thing is that the recipient you are sending money to via Pay Anyone doesn’t need the app to receive the funds. They will receive an email link whereby they can click and key in their bank information to receive the money. However, if you already bank with OCBC, you will have the option of using OCBC PayAnyone to directly pay from your OCBC savings or current accounts.

    Top up your Alipay account and use it both in China and Singapore

    AliPay / Alipay Singapore E-Commerce

    Technically, you can open an Alipay account in Singapore, but you need a Chinese mobile number and credit card in order to transfer funds to your Alipay mobile wallet. If you’re a Singaporean who lives in China, you’ll be able to top up your Alipay account and use it both in China and Singapore. The following merchants in Singapore accept payment using Alipay; ComfortDelGro, Prime Taxis, Universal Studios, Resorts World Sentosa, Singapore Zoo, Metro and Robinsons. Now you can ask your friends to transfer money via HitPay to you instead of getting them to part with physical money.

    A mobile app that allows you to manage your credit card account and payment services

    BOC SG eWallet / Bank of China

    The BOC SG eWallet is a new mobile app that allows you to manage your credit card account and payment service. You can use your BOC SG eWallet mobile app to bind/unbind your BOC Unionpay credit card for QR Code payments, QR transactions history tracking, etc.Both consumer-presented and merchant-presented QR scanning functions are available. Your transactions made via the mobile app is secured. For more details, you can click on “Security Tips

    The range of partner merchants isn’t that extensive

    GrabPay / Gpay Network S

    If you’re a serial Grab commuter, you might already have used GrabPay.They also have a number of partner merchants who accept payment using the GrabPay app.You have to top up your GrabPay account in order to use it anyway and honestly, the range of partner merchants isn’t that great and is mostly limited to small neighbourhood businesses. If you’re serious about using an e-wallet for most of your transactions, you will definitely need to download another e-wallet app for day-to-day use.