### Bankruptcy Rules 《破產規則》

122ZA. Production of accounts and records to Official Receiver
(1) The Official Receiver may at any time during the course of the voluntary arrangement or after its completion require the nominee to produce for inspection—
(a) his accounts and records in respect of the arrangement; and
(b) copies of abstracts and reports prepared in compliance with rule 122Z.
(2) The Official Receiver may require production either at the premises of the nominee or elsewhere; and it is the duty of the nominee to comply with any requirement imposed on him under this rule.
(3) The Official Receiver may cause any accounts and records produced to him under this rule to be audited; and the nominee shall give to the Official Receiver such further information and assistance as he needs for the purposes of his audit.
(L.N. 77 of 1998)

122ZB. Fees, costs, charges and expenses
The fees, costs, charges and expenses that may be incurred for any purposes of the voluntary arrangement are—
(a) any disbursements made by the nominee prior to the approval of the arrangement, and any remuneration for his services as such agreed between himself and the debtor or the trustee; (L.N. 123 of 2007)
(b) any fees, costs, charges or expenses which—
(i) are sanctioned by the terms of the arrangement; or
(ii) would be payable, or correspond to those which would be payable, in the debtor’s bankruptcy.
(L.N. 77 of 1998)

122ZC. Completion of the arrangement
(1) Not more than 28 days after the final completion of the voluntary arrangement, the nominee shall send to all creditors of the debtor who are bound by the arrangement and whose names and addresses the nominee is aware of, and to the debtor, a notice that the arrangement has been fully implemented.
(2) With the notice there shall be sent to each of those persons a copy of a report by the nominee summarizing all receipts and payments made by him in pursuance of the arrangement, and explaining any difference in the actual implementation of it as compared with the proposal as approved by the creditors’ meeting.
(3) The nominee shall, within the 28 days, send to the Official Receiver and to the court a copy of the notice under subrule (1), together with a copy of the report under subrule (2). (L.N. 150 of 2014)
(4) The court may, on application by the nominee, extend the period of 28 days under subrules (1) and (3). (L.N. 150 of 2014)
(L.N. 77 of 1998)

### Bankruptcy Rules 《破產規則》

122ZD. False representations, etc.
(1) The debtor commits an offence if he makes any false representation or commits any other fraud for the purpose of obtaining the approval of his creditors to a proposal for a voluntary arrangement.
(2) A person guilty of an offence under this rule is liable to a fine at level 2 and to imprisonment for 6 months.
(L.N. 77 of 1998)

122ZE. Membership of creditors’ committee
(1) The creditors’ committee shall consist of at least 2, and not more than 5, members.
(2) All the members of the committee must be creditors of the bankrupt; and any creditor (other than one who is fully secured) may be a member, so long as—
(a) he has lodged a proof of his debt; and
(b) his proof has neither been wholly disallowed for voting purposes, nor wholly rejected for the purposes of distribution or dividend.
(3) A body corporate may be a member of the committee, but it cannot act as such otherwise than by a representative appointed under rule 122ZJ.
(L.N. 77 of 1998)

122ZF. Obligations of trustee to creditors’ committee
(1) Subject as follows, it is the duty of the trustee to report to the members of the creditors’ committee all such matters as appear to him to be, or as they have indicated to him as being, of concern to them with respect to the bankruptcy.
(2) In the case of matters so indicated to him by the committee, the trustee need not comply with any request for information where it appears to him that—
(a) the request is frivolous or unreasonable;
(b) the cost of complying would be excessive, having regard to the relative importance of the information; or
(c) the estate is without funds sufficient for enabling him to comply.
(L.N. 77 of 1998)

### Bankruptcy Rules 《破產規則》

122ZG. Meetings of creditors’ committee
(1) Subject as follows, meetings of the creditors’ committee shall be held when and where determined by the trustee.
(2) The trustee shall call a first meeting of the committee to take place within 3 months of his appointment or of the committee’s establishment (whichever is the later); and thereafter he shall call a meeting—
(a) if so requested by a member of the committee or his representative (the meeting then to be held within 28 days of the request being received by the trustee); and
(b) for a specified date, if the committee has previously resolved that a meeting be held on that date.
(3) The trustee shall give 7 days’ notice in writing of the date, time and place of any meeting to every member of the committee (or his representative, if designated for that purpose), unless in any case the requirement of the notice has been waived by or on behalf of any member, and such waiver may be signified either at or before the meeting.
(L.N. 77 of 1998)

122ZH. Chairman at meetings
(1) The chairman at any meeting of the creditors’ committee shall be the trustee, or a person appointed by him in writing to act.
(2) A person so appointed must be a person who is experienced in insolvency matters.
(L.N. 77 of 1998)

122ZI. Quorum
A meeting of the creditors’ committee is duly constituted if due notice of it has been given to all the members and at least 2 of the members are present or represented.
(L.N. 77 of 1998)