Statistics
Statistics
| Gender of bankrupts | Percentage |
|---|---|
| Male | 63.90% |
| Female | 36.10% |
| Total | 100.00% |
| Age of bankrupts | Percentage |
|---|---|
| 30 or below | 17.67% |
| Above 30 – 40 | 23.60% |
| Above 40 – 50 | 24.01% |
| Above 50 | 34.72% |
| Total | 100.00% |
| Monthly income of bankrupts | Percentage |
|---|---|
| $0 | 37.43% |
| Above $0 - $10,000 | 14.11% |
| Above $10,000 - $15,000 | 13.05% |
| Above $15,000 - $20,000 | 17.36% |
| Above $20,000 - $25,000 | 9.39% |
| Above $25,000 | 8.66% |
| Total | 100.00% |
| Liabilities level of bankrupts | Percentage |
|---|---|
| $200,000 or below | 12.69% |
| Above $200,000 - $400,000 | 31.90% |
| Above $400,000 - $600,000 | 21.79% |
| Above $600,000 - $800,000 | 10.80% |
| Above $800,000 - $1,000,000 | 6.42% |
| Above $1,000,000 - $2,000,000 | 9.37% |
| Above $2,000,000 - $6,000,000 | 4.92% |
| Above $6,000,000 | 2.11% |
| Total | 100.00% |
| Residence type of bankrupts | Percentage |
|---|---|
| Public housing | 54.68% |
| Private apartment (mortgaged/charged) | 1.63% |
| Private apartment (others1) | 43.69% |
| Total | 100.00% |
1 Mainly include property of which the bankrupt is not the owner/co-owner
| Cause of failure of bankrupts | Percentage |
|---|---|
| Unemployment / loss of employment | 24.94% |
| Income could not meet basic expenses | 44.60% |
| Negative equity | 0.51% |
| Loss in investment | 3.07% |
| Loss in gambling / speculation | 10.27% |
| Liabilities incurred on personal guarantees | 0.69% |
| Increase in medical expenses | 1.18% |
| Liabilities incurred on divorce-related matters | 0.14% |
| Poor business | 1.77% |
| Decline in business | 0.75% |
| Economic downturn | 0.63% |
| Insufficient capital | 0.41% |
| Increase in costs (rent, wages etc.) | 0.06% |
| Management failure | 0.18% |
| Shareholders/partners dispute | 0.02% |
| Excessive use of credit facilities | 0.83% |
| Victim of fraud | 5.18% |
| Bad debts | 0.55% |
| Adverse legal action (other than divorce-related) | 0.20% |
| Unforeseen circumstances | 0.14% |
| Others | 3.88% |
| Total | 100.00% |
| Petitioner type | Percentage |
|---|---|
| Director of Legal Aid | 0.30% |
| Trade creditors | - |
| Bank or financial institution | 2.90% |
| Landlord | - |
| Shareholders | - |
| Debtor's self-petition | 93.90% |
| Others | 2.90% |
| Total | 100.00% |
Note 1: Statistics on Profile of Bankrupt & Types of Petitioners are based on the information collected as at 10 Jan 2024 from the bankrupts or relevant parties (such as creditors) in bankruptcy cases with bankruptcy orders made or petitions received during the year.
| No. of bankruptcy | Percentage |
|---|---|
| 1st time bankruptcy | 87.45% |
| Multi-time bankruptcy | 12.55% |
| Total | 100.00% |
Note 2: Statistics on Multi-time Bankruptcy are based on the information collected as at 10 Jan 2024 in bankruptcy cases with bankruptcy orders made during the year.