The Official Receiver shall be responsible for the implementation of the Insolvency Act.
The specific duties and responsibilities shall include:
- Establishing and providing for the operation of a framework for the efficient and equitable administration of the estates of insolvent natural persons and unincorporated entities comprising natural persons, and the assets of insolvent companies and other bodies corporate, that maintains a fair balance between the interests of those persons, entities, companies and bodies and those of their creditors;
- Oversee the issuance and renewal of Insolvency Practitioners Licenses; the setting and administering of Insolvency Practitioners examinations;
- Ensure that preliminary examination of debtors;
- the filing of proof of debt forms; the tracing of assets of the debtor and companies in liquidation,
- ensuring assets are preserved, valued and insured direct for advertising the bankruptcy and the winding up order;
- Ensuring that the statements of affairs for both companies and debtors is issued;
- the necessary court applications are filed;
- the proper distribution of assets to creditors; Supervise court attendance;
- Cascading performance targets to the staff in the division and monitoring and evaluation of performance of the Directorate.
- The Official Receiver shall also perform such other duties as may be assigned by the Board and Director General.
Qualifications
A person shall qualify for appointment as the Official Receiver if that person:
- Is a Citizen of Kenya;
- Has eight (8) years post admission relevant experience;
- Has served in the grade of a Deputy Official Receiver or any similar managerial position for a minimum of three (3) years with proven experience;
- Is an advocate of the High Court of Kenya;
- Holds a Bachelor of Laws degree from a recognized University;
- Holds a Masters degree in Law or in any other related field from a recognized University
- Demonstrates administrative and professional competence;
- Demonstrates computer literacy.
- Meets the requirements of Chapter Six of the Constitution.
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