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.