STRAITS TIME | SINGAPORE LAW WATCH | Increased in 60% Corporate Debt & 40% Personal Debt|
Increase of about 60 per cent in corporate debt recovery requests and 40 per cent in personal debt recovery requests since the beginning of the year. The demand for debt collection services is expected to continue as high inflation and rising interest rates make it harder for companies and individuals to cope financially.
News article found on:
The Straits Time
Singapore Law Watch https://www.singaporelawwatch.sg/Headlines/debt-collection-firms-in-s-pore-see-greater-demand-for-services#:~:text=The%20demand%20for%20debt%20collection,and%20individuals%20to%20cope%20financially