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272. Grounds of debtor's petition

(1) A debtor's petition may be presented to the court only on the grounds that the debtor is unable to pay his debts.

(2) The petition shall be accompanied by a statement of the debtor's affairs containing -

(a) such particulars of the debtor's creditors and of his debts and other liabilities and of his assets as may be prescribed, and

(b) such other information as may be prescribed.