Rise in Personal Bankruptcy Applications Hits 4-Month High in Hong Kong
Friday, 19 April 2024, 10:12
Rise in Personal Bankruptcy Applications
In March, Hong Kong witnessed a 21% surge in personal bankruptcy applications compared to the previous month. This sharp increase reached a four-month high, with a total of 783 petitions.
Continued Upward Trend
The figure rose from 648 petitions in February and 753 in January, signifying a worrisome trend in the financial status of individuals.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.