Decrease in bankruptcies?
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Too good to be true?
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Well, during election time, people will suddenly strike the group 1 prize of toto just like that.
Yes, most of them would have come from the "former bankrupts" category.
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another possible reason is that they kill themselves without declaring bankruptcy?
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As I said, statistics could be manipulated to our own benefit. I played around with these numbers before and manipulated them for my own my use. Well, I actually won an argument because I fooled around with the numbers.
And anyway, I expect an increase after the elections (if PAP wins). The MAS might nod heads for the banks to allow $18000 as the minimum annual income to apply for credit cards.