SINGAPORE PRESS-New bankruptcy cases hit four-year high - Straits Times

Sun Feb 16, 2014 7:57pm EST

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The number of people made bankrupt last year rose by 14 per cent to reach 1,992 - the highest since 2009, the Straits Times reported.

The Insolvency and Public Trustee's Office under the Ministry of Law gave general reasons for the rise: overspending, business failure and unemployment.

NOTE: Reuters has not verified this story and does not vouch for its accuracy. (Compiled by Singapore Newsroom; Editing by Subhranshu Sahu)

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