Baker Tilly Blog

What You Need to Know about the Bankruptcy (Amendment) Act - Part I

[fa icon="calendar'] 11 November 2016 09:00:00 BNT / by Victor Goh posted in Insolvency, bankruptcy administration in singapore

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A Bankruptcy (Amendment) Bill was introduced in May 2015, aimed at improving the process for all: encouraging creditors to exercise greater financial prudence when extending credit; creating a more rehabilitative regime for bankrupts; and appointing private trustees to administer bankruptcy to help optimise public resources.

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