Singapore legislation

Regulation 32

of Insolvency, Restructuring and Dissolution (Bankruptcy) Regulations 2020

Regulation 32

Prescribed particulars and information for statement of affairs

For the purposes of section 332(3)(a) and (c) of the Act, the following particulars and information are to be contained in a bankrupt’s statement of affairs:

(a)

details of the bankrupt’s assets, including —

(i)

the bankrupt’s bank accounts, sundry debtors, property (whether real or personal) and contingent assets; and

(ii)

any of the bankrupt’s property that was disposed of within the period of 5 years ending on the day of the making of the bankruptcy application on which the bankrupt is adjudged bankrupt;

(b)

details of the bankrupt’s creditors, debts and other liabilities, including —

(i)

the bankrupt’s preferential, secured, unsecured and contingent debts; and

(ii)

the circumstances in which the debts were incurred;

(c)

information on any previous bankruptcy order made against the bankrupt under the Act or any previous written law relating to bankruptcy;

(d)

details of any legal proceedings that are pending and to which the bankrupt is a party;

(e)

the bankrupt’s age;

(f)

details of the bankrupt’s education and vocational qualifications;

(g)

details of the bankrupt’s current income, including —

(i)

the amount of income from the bankrupt’s current employment; and

(ii)

any other sources of income, and the amount of income from each source;

(h)

details of the bankrupt’s current employment and past employment during the 5 years immediately preceding the submission of the statement of affairs, including the identity of each employer and the duration of each employment;

(i)

details of any directorship in, or other position in the management of, a corporation previously held by the bankrupt;

(j)

details of the bankrupt’s current and past trade or business during the 5 years immediately preceding the submission of the statement of affairs;

(k)

details of the bankrupt’s spouse and dependants, including —

(i)

the identity and age of the spouse and each dependant; and

(ii)

the amount of income earned by the spouse (whether from employment or otherwise);

(l)

details of the monthly expenses necessary for the maintenance of the bankrupt and the bankrupt’s family.