Singapore legislation

Section 7

of Bankruptcy Act

Section 7

Debtor’s petition and order thereon

(1)

A debtor’s petition shall allege that the debtor is unable to pay his debts, and the presentation thereof shall be deemed an act of bankruptcy without the previous filing by the debtor of any declaration of inability to pay his debts, and the court shall thereupon make a receiving order.

(2)

A debtor’s petition shall not after presentation be withdrawn without the leave of the court.