Individual Voluntary Arrangements: the need for 'good faith' & 'transparency' Posted on 21 August 2019 This briefing note is only intended as a general statement of the law and no action should be taken in reliance on it without specific legal advice. Singapore News - After several months of having to work from home due to Covid-19, the novelty might have worn off, but the practice seems to have … Nature of an individual voluntary arrangement. Yin Kum Choy Curriculum Vitae 5 In 1999, appointed as Nominee in an individual voluntary arrangement (bankruptcy) to two directors of a company for whom we are appointed as the Judicial Manager. In Hong Kong, you can file the Individual Voluntary Arrangement … IVA stands for Individual Voluntary Arrangement. Receiver or manager of the property in Singapore of a corporation (not being a company); Trustee of a bankrupt’s estate; or Nominee of a voluntary arrangement. Member, Institute of Singapore Chartered Accountants Fellow, Insolvency Practitioners Association of Singapore Associate Mediator of Singapore Mediation Centre ... judicial management, scheme of arrangement, individual voluntary arrangement, receivership and liquidation. With this in mind, you’ll be happy to know that a new, voluntary standard to encourage flexible work arrangements was launched last Friday (October 6) by Second Minister for Manpower Josephine Teo. We are experienced in devising schemes for debt restructuring for individuals and acting as nominees for individual voluntary arrangements for the execution of the arrangements as approved by the creditors and the courts. ICS Funding Pte Ltd is a credit funding company registered in Singapore which was founded in 2015 to assist Singaporean SMEs to access business funding as an … Partnership voluntary arrangement. As a Singapore citizen or tax resident in Singapore, the income from your employment exercised outside Singapore on behalf of Singapore government is deemed to have been derived from Singapore.. All your gains from such employment (including overseas allowances) are taxable in Singapore. Voluntary arrangement 2b. It's an agreement between you and your creditors (organisations you owe money to) that sets out when and how you'll repay them. An Individual Voluntary Arrangement or IVA as it's commonly referred to, is a legally binding contractual agreement between an individual and the people and organisations they owe money to known as creditors. An individual voluntary arrangement (IVA) is an agreement entered into between an individual and their creditors (and possibly with third parties) for a composition of that person’s debts or a scheme of arrangement (scheme) of their affairs. Voluntary Arrangement A Voluntary Arrangement refers to an agreement proposed by the debtor to the High Court, where the debtor proposes a plan for them to settle their debts. (East) 11 Playfair Road Singapore 367986 (West) Jurong Spring CC, 8 Jurong West St 52 Singapore 649296. This repayment programme is made available for individuals who are willing and assessed to have the financial capacity to repay the debts owed. It is a formal agreement between you and your creditors. VOLUNTARY ARRANGEMENT AND PROCEEDINGS IN BANKRUPTCY Voluntary Arrangement 2a. Secured creditor’s ability to enforce security - Individual Voluntary Arrangements. Challenging the decision of a creditors' meeting—material irregularity. Practice Notes 14. 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