Singapore legislation
Regulation 71
of Insolvency, Restructuring and Dissolution (Personal Insolvency) Rules 2020
Regulation 71
Identification of debt
Subregulation 1
The affidavit supporting a creditor’s bankruptcy application must state the following matters in respect of the debt:
the actual amount of the debt that has accrued as of the date of the application;
if the amount claimed in the application includes any interest, penalty, charge or any pecuniary consideration in lieu of interest —
the amount claimed for the interest, penalty, charge or other pecuniary consideration (separately identified);
the rate at which and the period for which the interest, penalty, charge or other pecuniary consideration (as the case may be) was calculated; and
the grounds on which the interest, penalty, charge or other pecuniary consideration (as the case may be) is claimed;
when the debt was incurred and when it became due;
the consideration for the debt or, if there is no consideration, the way in which the debt arises and —
if the debt is founded on a judgment or an order of a court — details of the judgment or order, including the action under which the judgment or order was obtained and the date of the judgment or order; or
if the debt is founded on grounds other than a judgment or an order of a court — such details as would enable the debtor to identify the debt.
Subregulation 2
If the creditor holds any property of the debtor or any security for the debt, the creditor must —
account for such property or security in the affidavit and, in particular, provide the following information:
a description of the property or security held;
the value of property or security as at the date of the creditor’s bankruptcy application; and
take into account such property or security in the amount claimed in the creditor’s bankruptcy application.