Rescue, Rehabilitation and Insolvency (Corporate and Personal) Act 2026 · As enacted · Part VI
114. Financial information
Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.
Official translationFrom Department of Government Printing, unchanged
The bankrupt debtor shall provide the Bankruptcy
Trustee with the information and details that are reasonably necessary to prepare a statement of the financial position of the debtor’s estate.
Where the Bankruptcy Trustee considers it necessary to assess the proportionate use of resources, the Trustee may require the bankrupt debtor to assist in the preparation of
Rescue, Rehabilitation and Insolvency the full, true, and detailed accounts and statements of the bankrupt debtor’s financial position, showing details of —
the bankrupt debtor’s trading and stocktaking;
and
the bankrupt debtor’s profit and losses during any period in the three years before the commencement.
Where required by the Bankruptcy Trustee, the bankrupt debtor shall, within a reasonable time following a request from the Bankruptcy Trustee, prepare and provide to the Bankruptcy Trustee, details necessary to prepare the accounts and statements specified in subsection (2) to the extent possible.
For the bankrupt debtor to prepare the accounts and statements referred to in subsection (2) –
the Bankruptcy Trustee shall give the debtor full access to the bankrupt debtor’s books and papers in the Bankruptcy Trustee’s possession; and
where the Bankruptcy Trustee thinks it necessary, the bankrupt debtor shall be assisted by an accountant at the expense of the bankrupt debtor’s property.
CHAPTER 7
Property of Debtor In Bankruptcy
Part VII
Personal Insolvency Register
Part VIII
Part IX
Part X
Compromises
Part XI
Micro Small Medium Enterprise (MSME) Company Debt Restructuring Arrangements
Part XII
Part XIII
Part XIV