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Intern, Individual Insolvency & Debt Repayment Scheme Division

Min Experience

0 years

Location

Singapore, Singapore

JobType

internship

About the job

Info This job is sourced from a job board

About the role

What You Will Be Working On

The intern will assist the Individual Insolvency & Debt Repayment Scheme Division ("IIDRSD") of the Insolvency & Public Trustee's Office (“IPTO”) in the following tasks, in either the Debt Repayment Scheme or Adjudication role.

Debt Repayment Scheme Role

  • Assess debtor's application to be placed under the Debt Repayment Scheme (“DRS”)
  • Examine documents submitted by the debtor and verify extent of debtor's assets and liabilities.
  • Conduct meeting of creditors to determine debtor’s repayment plan.
  • Handle both general and case-specific enquiries from debtors and creditors
  • Assist DRS officers to review cases for cessation of the debt repayment plans (completion, failure or inapplicable for DRS)


Adjudication Role

  • Examine the validity of claims filed by creditors.
  • Correspond with creditors, solicitors and/or bankrupts on request for additional information and/or further documentary evidence in support of the claims filed against the bankruptcy estate – may include resolving disputes between creditors and bankrupts which arise in the adjudication of the Proof of Debt.
  • Sending statutory rejection notice to creditors whose claims are not admitted by the Official Assignee.
  • Conduct preliminary adjudication for case classification and the Official Assignee’s asset realisation efforts.
  • Assess creditors’ appeals to file Proof of Debt after the expiration of statutory timeline.
  • Liaise with solicitors in respect of suits, counterclaims, contingent claims, and unquantified damages.


What We Are Looking For

We are looking for interns who can commit on a full-time basis and are and able to start the internship as soon as possible.

About the company

Insolvency & Public Trustee's Office (IPTO)

Skills

debt repayment scheme
debt adjudication
bankruptcy
proof of debt
asset realisation