Singapore legislation

Clause 58

of Bankruptcy Bill

Clause 58

Persons who may present debtor’s petition

(1)

Subject to this Part, a debtor’s petition may be presented —

(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 presentation of the petition.

(2)

A debtor’s petition shall be in the prescribed form and shall be accompanied —

(a)

where the debtor is an individual, by 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, by 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 petition is presented containing such particulars of his assets, creditors, debts and other liabilities as may be prescribed; and

(c)

such other information as may be prescribed.

Read in full context — Bankruptcy Bill →