Number of bankruptcy applications at the lowest since October 2016
This comes from temporary laws having raised the debt thresholds for personal bankruptcy and corporate insolvency; also, courts are holding off on hearing insolvency cases
Singapore
PERSONAL bankruptcy applications in Singapore have fallen to the lowest since October 2016 with temporary legal provisions having kicked in last month, and as non-urgent proceedings take a hiatus amid tightened lockdown measures.
The number of individuals applying for bankruptcy was 160 in April, a 65 per cent dip from the 462 cases in March - the highest monthly figure this year thus far.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
China central bank says treasury bond trading will be two-way
US wholesale inventories drop by unrevised 0.4% in March
China, Serbia chart ‘shared future’ as Xi Jinping visits Europe
World extends run of heat records for 11th straight month
SpaceX’s unit Starlink secures Indonesia operating permit
Axiata, Sinar Mas seek permission for Indonesia telco merger, minister says