(1) A summons (in this Act referred to as a 'bankruptcy summons') may be granted by the court to a person (in this section referred to as 'the creditor') who proves that -

(a) a debt of more than €20,000 is due to the creditor concerned by the person against whom the summons is sought,

(b) the debt is a liquidated sum, and

(c) the creditor concerned has given not less than 14 days' notice in the prescribed form to the debtor of the creditor's intention to apply for a bankruptcy summons and the debt remains unpaid.

(2) A bankruptcy summons may be granted to two or more creditors who are not partners and whose debts amount together to more than €20,000. In such a case, to comply with the requisitions contained in the summons a debtor must pay or compound for the debts or give security for them to all the creditors who are parties to the summons, unless they otherwise agree.

(3) The notice requiring payment of the debt shall set out the particulars of the debt due and shall require payment within 14 days after service thereof on the debtor.

(4) The bankruptcy summons shall be in the prescribed form.