Insolvency and Public Trustee's Office

S’pore-registered companies forced to wind up hit 15-year high in 2024: MinLaw data

Qoo10 is one of the latest casualties, as it buckled under a US$54 million (S$72.4 million) debt pile.

More people declared bankrupt in 1st half of 2024 from a year ago

Recent Law Ministry data shows that 2,334 people filed for bankruptcy in the six months to June 30, up 25 per cent on the same period in 2023.

Private trustees to handle all bankruptcy cases, except those of public interest, under new Bill

The Bill would simplify, expedite, modernise and cut the cost of insolvency procedures, said Second Minister for Law Edwin Tong.

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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.