I am an appointed nominee. How will the deceased member's CPF savings be paid to me if I am bankrupt?
By operation of Singapore’s bankruptcy laws, if you are an undischarged bankrupt at the time of the member’s death, the nominated monies vest in the trustee in bankruptcy, for the benefit of your creditors. We will notify the Official Assignee (OA), who maintains the Bankruptcy Estate Account on behalf of all trustees, and transfer the nominated monies to the OA upon his instructions.
This information is sourced from CPF
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