Harold is an alumnus of the NUS Law School. His areas of interest include company and insolvency law. As a student, he earned distinctions in the insolvency courses at NUS and Part B of the Singapore Bar Examinations. After a stint in legal practice in the Restructuring and Insolvency Department of a top local law firm, Harold joined the Ministry of Law, where he is involved in projects such as the legislative enhancements to Singapore’s insolvency laws and the promotion of Singapore as a forum of choice for restructuring and insolvency. Harold is also interested in policy-making for community justice programmes such as the Criminal Legal Aid Scheme.
Personal Bankruptcy: An Analysis of Singapore’s Regime
Bankruptcy plays an increasingly impactful role in society. Once primarily viewed as a creditor remedy, the personal bankruptcy regime has evolved as a means to provide debt relief to a growing number of individuals. Nevertheless, this evolution has by no means been uniform; countries have adopted varying approaches to achieving the aims of their bankruptcy regime.
This paper therefore analyses Singapore’s personal bankruptcy regime, in particular, its policy objectives and key gaps. Additionally, this analysis will be informed by research on select overseas jurisdictions, specifically to understand each regime’s main features in view of their policy objectives, thus determining whether any features would be appropriate in the Singapore context.
