Statistics
Statistics
| Age of bankrupts | Percentage |
|---|---|
| 30 or below | 15.46% |
| Above 30 – 40 | 23.80% |
| Above 40 – 50 | 25.94% |
| Above 50 | 34.80% |
| Total | 100.00% |
| Monthly income of bankrupts | Percentage |
|---|---|
| $0 | 39.17% |
| Above $0 - $10,000 | 16.77% |
| Above $10,000 - $15,000 | 20.51% |
| Above $15,000 - $20,000 | 14.51% |
| Above $20,000 - $25,000 | 5.05% |
| Above $25,000 | 3.99% |
| Total | 100.00% |
| Liabilities level of bankrupts | Percentage |
|---|---|
| $200,000 or below | 21.50% |
| Above $200,000 - $400,000 | 36.80% |
| Above $400,000 - $600,000 | 17.87% |
| Above $600,000 - $800,000 | 9.15% |
| Above $800,000 - $1,000,000 | 4.39% |
| Above $1,000,000 - $2,000,000 | 6.36% |
| Above $2,000,000 - $6,000,000 | 2.82% |
| Above $6,000,000 | 1.11% |
| Total | 100.00% |
| Residence type of bankrupts | Percentage |
|---|---|
| Public housing | 53.07% |
| Private apartment (mortgaged/charged) | 1.04% |
| Private apartment (others1) | 45.89% |
| Total | 100.00% |
1 Mainly include property of which the bankrupt is not the owner/co-owner
| Cause of failure of bankrupts | Percentage |
|---|---|
| High operating costs | 0.08% |
| High staff costs | - |
| High rental | 0.04% |
| High interest rates | 0.24% |
| Cash flow problem - insufficient capital | 0.61% |
| Cash flow problem - lender withdrew support | - |
| Cash flow problem - excessive bad debts | 0.12% |
| Goods/services no longer or not competitive | - |
| Goods rejected | - |
| Decline in business | 2.12% |
| Poor management | 3.70% |
| Improper management | 0.34% |
| Fraud | 0.25% |
| Argument amongst directors/shareholders | 0.05% |
| Excessive use of credit facilities | 8.34% |
| Overspending | 31.15% |
| Lack of gainful employment | 38.18% |
| Personal guarantee liabilities | 1.22% |
| Gambling | 7.26% |
| Speculation in shares etc. | 0.23% |
| Loss in investment | 1.47% |
| Others | 4.60% |
| Total | 100.00% |
| Petitioner type | Percentage |
|---|---|
| Director of Legal Aid | 0.22% |
| Trade creditors | 0.01% |
| Bank or financial institution | 3.73% |
| Landlord | - |
| Shareholders | - |
| Debtor's self-petition | 91.90% |
| Others | 4.14% |
| Total | 100.00% |
Note: Statistics are based on the information collected as at 8 Jan 2018 from the bankrupts or relevant parties (such as creditors) in bankruptcy cases with bankruptcy orders made or petitions received during the year.