Singapore legislation

Section 135

of Bankruptcy Act

Section 135

Concealment of property

Amended by42/2005

A bankrupt shall be guilty of an offence if —

(a)

he does not deliver up possession to the Official Assignee, or as the Official Assignee may direct, of such part of the property comprised in his estate as is in his possession or under his control of which he is required by law to deliver up;

(b)

he conceals any debt due to or from him or conceals any property the value of which is not less than $500 and possession of which he is required to deliver up to the Official Assignee;

(c)

in the 12 months before the making of the bankruptcy application by or against him, or in the initial period, he did anything which would have been an offence under paragraph (b) if the bankruptcy order against him had been made immediately before he did it;

(d)

he removes, or in the initial period removed, any property the value of which is or was not less than $500 and possession of which he is or would have been required to deliver up to the Official Assignee; or

(e)

he without reasonable excuse fails, on being required to do so by the Official Assignee or the court —

(i)

to account for the loss of any substantial part of his property incurred in the 12 months before the making of the bankruptcy application by or against him or in the initial period; or

(ii)

to give a satisfactory explanation of the manner in which such a loss was incurred.

Section 135 — Bankruptcy Act | laws.sg