Singapore legislation
Clause 405
Clause 405
Non-disclosure
(1)
A bankrupt shall be guilty of an offence if —
(a)
the bankrupt does not to the best of the bankrupt’s knowledge and belief disclose to the Official Assignee all the property comprised in the bankrupt’s estate; or
(b)
the bankrupt does not inform the Official Assignee of any disposal of any property which, but for the disposal, would be comprised in the bankrupt’s estate, stating how, when, to whom and for what consideration the property was disposed of.
(2)
Subsection (1)(b) does not apply to any disposal of property in the ordinary course of a business carried on by the bankrupt or to any payment of the ordinary expenses of the bankrupt or the bankrupt’s family.