Demystifying bankruptcy in Singapore

Published Date: 24-01-2022

According to the data from the Law Ministry's Insolvency Office, the number of individuals filing for bankruptcy soared 47 percent from a year earlier to 434 in January, the highest since October 2004. Low Jin Liang, Senior Associate Director, PKWA Law shares what exactly is like to be bankrupt and the process to apply for it.

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