Singapore legislation

Clause 60

Conditions to be satisfied in respect of debtor

(1)

No bankruptcy petition shall be presented 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 presentation of the petition —

(i)

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

(ii)

carried on business in Singapore.

(2)

No bankruptcy petition shall be presented 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 presentation of the petition, 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 presentation of the petition, carried on business in Singapore.

(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 manager for the individual or for such a firm.

Read in full context — Bankruptcy Bill →