s 311 Grounds of bankruptcy application
311.—(1) 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 —(a) the amount of the debt, or the aggregate amount of the debts, is not less than $15,000; (b) the debt or each of the debts is for a liquidated sum payable to the applicant creditor immediately; (c) the debtor is unable to pay the debt or each of the debts; and (d) 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.[Act 25 of 2021 wef 01/04/2022] (2) 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.