Past version: effective from 16/06/2016 - 15/06/2016
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With respect to the financial soundness of an individual, we will take into account :
(a) whether an individual is able to meet his debts as and when they fall due; and
(b) whether an individual has been declared bankrupt, had a receiver or an administrator appointed, had a bankruptcy petition served on him, had his estate sequestrated, entered into a deed of arrangement (or any contract in relation to a failure to pay due debts) in favour of his creditors, or within the last 10 years, has failed to satisfy a judgement debt under a court order.