In force2020 Revised Edition

Contents

Insolvency, Restructuring and Dissolution Act 2018 · 2020 Revised Edition · Part 16 · Proceedings in Bankruptcy

308. Persons who may make debtor’s bankruptcy application

In plain English

An individual debtor may apply for his or her own bankruptcy. For a firm, all partners or a majority of those living in Singapore may apply. The application must use the set form and include an affidavit. It must attach a statement of the debtor's assets, creditors, debts and liabilities. A firm's statement also covers each applying partner.

Summary · Drafted with AI, checked against the official text on 30 Sep 2026.

(1)

Subject to this Part, a debtor’s bankruptcy application may be made —

(a)

against an individual debtor by himself or herself; 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 making of the application.

(2)

A debtor’s bankruptcy application must be in the prescribed form and be supported by an affidavit to which is exhibited —

(a)

where the debtor is an individual, a statement of the debtor’s affairs containing such particulars of the debtor’s assets, creditors, debts and other liabilities as may be prescribed;

(b)

where the debtor is a firm, 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 application is made containing such particulars of each partner’s assets, creditors, debts and other liabilities as may be prescribed; and

(c)

a statement containing such other information as may be prescribed.