Singapore legislation
Section 113
Section 113
Bankrupt incurring debt without reasonable ground of expectation of paying it
Any person who has been adjudged bankrupt or in respect of whose estate a receiving order has been made shall be punished with imprisonment which may extend to 2 years or with fine or with both —
if, within 6 months next before the presentation of a bankruptcy petition by or against him, he incurs any debt provable in bankruptcy without having any reasonable ground of expectation of being able to pay it;
if, having been engaged in carrying on any trade or business, he continues to trade or carry on business, by incurring any debt or indebtedness provable in bankruptcy within 12 months next before the date of a bankruptcy petition by or against him, he being insolvent at the date of incurring such debt or, in the case of indebtedness, at the date of the incurring of the first item of such indebtedness, without any reasonable ground of expectation of being able to pay it.