Singapore legislation

Section 60

of Bankruptcy Act

Section 60

Conditions to be satisfied in respect of debtor

Amended by42/200542/2005

(1)

No bankruptcy application shall be made to the court under section 57(1)( a) or 58(1)(a) against an individual debtor unless the debtor —

(a)

is domiciled in Singapore;

(b)

has property in Singapore; or

(c)

has, at any time within the period of one year immediately preceding the date of the making of the application —

(i)

been ordinarily resident or has had a place of residence in Singapore; or

(ii)

carried on business in Singapore.

Amended by42/2005

(2)

No bankruptcy application shall be made to the court under section 57(1)(b) or 58(1)( b) against a firm unless —

(a)

at least one of the partners in the firm —

(i)

is domiciled in Singapore;

(ii)

has property in Singapore; or

(iii)

has, at any time within the period of one year immediately preceding the date of the making of the application, been ordinarily resident or has had a place of residence in Singapore; or

(b)

the firm has, at any time within the period of one year immediately preceding the date of the making of the application, carried on business in Singapore.

Amended by42/2005

(3)

The reference in subsection (1)(c)(ii) to an individual carrying on business in Singapore shall include —

(a)

the carrying on of business in Singapore by a firm in which the individual is a partner; and

(b)

the carrying on of business in Singapore by an agent or a manager for the individual or for such a firm.

Section 60 — Bankruptcy Act | laws.sg