From 1 April 2022, individuals wishing to file for their own bankruptcy must appoint a Private Trustee in Bankruptcy (PTIB). This change reflects Singapore's shift toward a more structured, professionally-administered insolvency process.

Filing for bankruptcy is a serious legal step — but it doesn't have to be navigated alone. WeCare Consultancy guides you through every document, form, and hearing to ensure your application is accurate and complete.

Step-by-Step: How to File for Your Own Bankruptcy

  1. Engage a Private Trustee in Bankruptcy (PTIB) — You must appoint a licensed Insolvency Practitioner (IP) to act as your PTIB and obtain their written consent before proceeding.
  2. Pay the Official Assignee deposit — A deposit of S$1,850 is payable to the Official Assignee (OA) as part of the filing process.
  3. Prepare your forms — File Forms PIR-9 (Debtor's Bankruptcy Application), PIR-10 (affidavit in support), PIR-11 (Statement of Affairs), and PIR-12 (affidavit verifying statement of affairs), along with the PTIB's consent and licence copy.
  4. File at the Supreme Court — Submit your application through a lawyer or the CrimsonLogic Service Bureau.
  5. Serve the OA — After filing, serve the stamped application on the Official Assignee within 3 days and notify the PTIB within 7 days.
  6. Attend the hearing — The court will fix a hearing date. If the application is in order, a bankruptcy order will be made.

Key Requirements at a Glance

  • Minimum debt threshold: S$15,000
  • Must satisfy one connecting factor (domicile, residence, business, or property in Singapore)
  • PTIB appointment and consent required before filing
  • Deposit of S$1,850 payable to OA upfront

After the Bankruptcy Order

Once the bankruptcy order is made, you must comply with a range of obligations — including full disclosure of assets and income, monthly contributions, travel restrictions, and credit limitations. Compliance is essential for a timely discharge under the differentiated discharge framework.

How WeCare Can Help

Our team manages the entire process — from liaising with licensed PTIBs and preparing all required documentation, to attending hearings and guiding you through your post-bankruptcy obligations. You don't have to face this alone.