Insolvency, Restructuring and Dissolution Act 2018 · 2020 Revised Edition · Part 16 · Proceedings in Bankruptcy
311. Grounds of bankruptcy application
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A bankruptcy application needs a debt, or debts in total, of at least $15,000. Each debt must be a fixed sum payable to the applying creditor immediately. The debtor must be unable to pay. A debt incurred outside Singapore must be payable under a judgment or award enforceable in Singapore. The minister may change this minimum amount by order.
Summary · Drafted with AI, checked against the official text on 30 Sep 2026.
Last amended by an amending law of 2021.
Subject to section 314, no bankruptcy application may be made to the Court in respect of any debt or debts unless at the time the application is made —
bankruptcy application
“bankruptcy application” means an application to the Court for a bankruptcy order;
the amount of the debt, or the aggregate amount of the debts, is not less than $15,000;
the debt or each of the debts is for a liquidated sum payable to the applicant creditor immediately;
the debtor is unable to pay the debt or each of the debts; and
where the debt or each of the debts is incurred outside Singapore, such debt is payable by the debtor to the applicant creditor by virtue of a judgment or an award which is enforceable by an enforcement order in Singapore.
The Minister may, by order in the Gazette, amend subsection (1)(a) by substituting a different sum for the sum for the time being specified in that provision.
Minister
“Minister” means —(a)except as provided in paragraph (b), the Minister charged with the responsibility for administration of affairs of insolvent persons and insolvent companies; and(b)for the purposes of sections 124(1)(g) and (2)(c), 125(5), 127(3) and 198, the Minister charged with the responsibility for registration of companies;