How can you stave off bankruptcy post Covid-19?

Research by Dun & Bradstreet has found a big surge in the number of bankruptcies reported in Singapore in Q1 2020.

Even before the big economic slump, brought about by Covid-19, there was a 70% surge in the number of companies declaring bankruptcy.

More than 5,000 companies have ceased or canceled registration, while another 238 went into liquidation in Q1 2020 alone. Applications for Bankruptcy recorded 1,278 in Q1 2020, up from 757 in Q1 2019 according to the Ministry of Law’s Insolvency Office. Article link here.

In this podcast, RIABU's Simon Littlewood and Mark Laudi discuss how to avert bankruptcy if you are staring down the abyss, and when bankruptcy might actually be a good idea.