• The bankruptcy records policy is in place for debtors to pay their debts and to prevent debtors from absconding.
• The bankruptcy records are directly managed by the Insolvency and Public Trustee’s Office of the Ministry of Law.
• After being discharged from bankruptcy, the bankrupt's information will be recorded on a register, and will be accessible to the public for a period of 5 years if they have paid the Target Contribution. Otherwise, their bankruptcy record will be permanently accessible.
• In 1995, Singapore implemented the Bankruptcy Act. The Act was amended in 1999 to accommodate the transformation of Singapore’s economy into a knowledge-based economy and encourage entrepreneurship in the high-tech sector. The new Act primarily provides assistance to debtors. In the official statement announcing the amendment of the Act, the Government mentioned that bankruptcy should not be stigmatised, in hope of boosting the confidence of potential entrepreneurs.
• Singapore’s bankruptcy records policy is primarily modelled after similar British laws.
• In 2016, Singapore introduced the Differentiated Discharge Framework to help lift bankrupt persons out of bankruptcy.
• Bankrupt persons face many restrictions in their daily lives, such as not being allowed to purchase or use luxury goods and having to repay their debts on a monthly basis. They are also not allowed to ride in luxury cars nor go abroad at will.
• On 30 July 2020, the Bankruptcy Act was repealed upon the initiation of the Insolvency, Restructuring, and Dissolution Act (IRDA) 2018. Relevant provisions from the Bankruptcy Act have also been revised and transferred to the IRDA.

破产记录 (Mainland China, Hong Kong, Taiwan)