Bankruptcy/Liquidation

From overspending to business failures: Why more people end up bankrupt in Singapore

Personal bankruptcy cases reached 482 in the first quarter of 2026, up from 378 in the same period in 2025, according to data from the Ministry of Law (MinLaw).

LIV Golf begins potential bankruptcy plans, Bloomberg News reports

Saudi Arabia said in April that investing in the LIV Golf league no longer fit with its investment strategy.

Myanmar junta’s forced remittance rules pull in $7.1b

A Myanmar migrant worker during a demonstration to mark Labor Day in Bangkok.

Wirecard scandal: S’pore firm oCap Management loses bid to access frozen funds for future lawsuits

German authorities are seeking a confiscation order over assets allegedly tied to the proceeds of crime obtained by oCap Management.

Spirit Airlines says most customers refunded, staff returned to home bases after sudden shutdown

A Spirit Airlines aircraft sitting at Miami International Airport in Florida on May 2, 2026.

Airlines scramble to help stranded Spirit passengers after budget carrier collapses

A passenger makes her way near an empty bag drop and customer service counters for Spirit airlines at Logan Airport in Boston.

Spirit Airlines shuts down, industry’s first Iran war casualty

Spirit helped keep fares lower in markets where it competed against major carriers.

After waiting years for justice, many Purdue opioid victims are defeated — by paperwork

Mary Anne Blanton holds a photograph of her mother Tammy Blanton, who died of opioid use, in Peoria, Arizona, U.S., April 15, 2026. REUTERS/Caitlin O'Hara

End of an era?: US TV shopping network QVC to file for bankruptcy

Online shopping dramatically changed retail, and TV shopping channels were no exception.

Hin Leong founder O.K. Lim hospitalised 3 days before 13½-year jail sentence starts

Hin Leong founder O.K. Lim leaving the Supreme Court after the court hearing on March 4, 2026. Lim was sentenced in November 2024 for two counts of cheating and one count of abetting forgery.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.