Singapore legislation

Regulation 101

of Insolvency, Restructuring and Dissolution (Personal Insolvency) Rules 2020

Regulation 101

Admission of insolvency

Subregulation 1

The affidavit supporting a debtor’s bankruptcy application must be in Form PIR‑10, and must contain —

(a)

the statement that the debtor is unable to pay the debtor’s debts; and (b)an explanation as to the cause of the debtor’s insolvency.

Subregulation 2

If, at any time prior to the bankruptcy application, the debtor had been adjudged bankrupt, or has made a composition with the debtor’s creditors in satisfaction of the debtor’s debts or a scheme of arrangement of the debtor’s affairs, or has entered into any voluntary arrangement, particulars of these matters must be given in the affidavit mentioned in paragraph (1).

Subregulation 3

If, at the date of making the application, there is in force a voluntary arrangement under Part 14 of the Act, the particulars required under paragraph (2) must contain a statement to this effect and the name and address of the nominee acting in relation to the voluntary arrangement.

Regulation 101 — Insolvency, Restructuring and Dissolution (Personal Insolvency) Rules 2020