Singapore legislation

Section 58

of Bankruptcy Act

Section 58

Persons who may make debtor’s bankruptcy application

Amended by42/200542/2005

(1)

Subject to this Part, a debtor’s bankruptcy application may be made —

(a)

against an individual debtor by the debtor himself; or

(b)

against a firm by all the partners in the firm or by a majority of such partners who are residing in Singapore at the time of the making of the application.

Amended by42/2005

(2)

A debtor’s bankruptcy application shall be in the prescribed form and shall be supported by an affidavit to which is exhibited —

(a)

where the debtor is an individual, a statement of his affairs containing such particulars of his assets, creditors, debts and other liabilities as may be prescribed;

(b)

where the debtor is a firm, a statement of —

(i)

the firm’s affairs containing such particulars of its assets, creditors, debts and other liabilities as may be prescribed; and

(ii)

the affairs of each of the partners in the firm by whom the application is made containing such particulars of his assets, creditors, debts and other liabilities as may be prescribed; and

(c)

a statement containing such other information as may be prescribed.

Amended by42/2005