Singapore legislation

Section 137

of Bankruptcy Act

Section 137

False statements

Amended by42/2005

A bankrupt shall be guilty of an offence if —

(a)

he makes any false statement or any material omission in any statement under this Act relating to his affairs;

(b)

knowing or believing that a false debt has been proved by any person under the bankruptcy, he fails to inform the Official Assignee as soon as practicable;

(c)

he attempts to account for any part of his property by fictitious losses or expenses;

(d)

at any meeting of his creditors in the 12 months before the making of the bankruptcy application by or against him or (whether or not at such a meeting) at any time in the initial period, he did anything which would have been an offence under paragraph (c) if the bankruptcy order against him had been made before he did it; or

(e)

he is, or at any time has been, guilty of any false representation or other fraud for the purpose of obtaining the consent of his creditors, or any of them, to an agreement with reference to his affairs or to his bankruptcy.

Read in full context — Bankruptcy Act →