Insolvency, Restructuring and Dissolution Act 2018 · 2020 Revised Edition · Part 20 · Bankruptcy Offences
410. Absconding with property
Feedback & supportA bankrupt shall be guilty of an offence if —
bankrupt
“bankrupt” means —(a)an individual debtor who has been adjudged bankrupt by a bankruptcy order; or(b)where a bankruptcy order has been made against a firm, each of the partners in the firm;
the bankrupt leaves, or attempts or makes preparations to leave, Singapore with any property the value of which is at least $1,000 (or such higher amount as may be prescribed) and possession of which the bankrupt is required to deliver up to the Official Assignee; or
property
“property” includes —(a)money, goods, things in action, land and every description of property, wherever situated; and(b)obligations and every description of interest, whether present or future or vested or contingent, arising out of or incidental to property;
in the 12 months before the making of the bankruptcy application by or against the bankrupt, or in the initial period, the bankrupt did anything which would have been an offence under paragraph (a) if the bankruptcy order against the bankrupt had been made before the bankrupt did it.
bankruptcy application
“bankruptcy application” means an application to the Court for a bankruptcy order;