Target Contribution Payment Rates among Discharged Bankrupts from 2010 to 2020

Debated in Parliament on 14 Oct 2025.

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Mr. Saktiandi Supaat inquired about the number and percentage of discharged bankrupts who paid their Target Contributions in full from 2010 to 2025, as well as the average and median time spent in bankruptcy during these periods.
The Minister for Law, Edwin Tong, clarified that the target contribution system was introduced in August 2016 as part of the Differentiated Discharge Framework, affecting only cases under this framework.
The target contribution is calculated based on a multiple of the monthly contribution, which varies for first-time and repeat bankrupts, and is determined by the bankrupt's income and reasonable expenses.
The Ministry of Law conducts regular reviews of the bankruptcy regime to ensure a balance between the interests of debtors and creditors.

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Saktiandi Supaat

Mr Saktiandi Supaat asked the Minister for Law (a) what number and percentage of discharged bankrupts between (i) 2010 and 2015, (ii) 2016 and 2020 and (iii) 2020 and 2025 paid their Target Contributions in full prior to discharge; (b) among these bankrupts, what is the average and median time spent in bankruptcy over those time periods; and (c) whether the formula to calculate Target Contributions is adequate.

Edwin Tong Chun Fai

As the concept of target contribution was introduced in August 2016 as part of the Differentiated Discharge Framework (DDF), the figures provided relate only to cases that come under the DDF.

The target contribution is fixed as a multiple of the monthly contribution, being either 52 months of monthly contribution for first-time bankrupts or 76 months of monthly contribution for repeat bankrupts. The monthly contribution is in turn determined in accordance with statutory criteria that take into account the bankrupt's income or earning ability, and allowances for reasonable expenses. The Ministry of Law regularly reviews the bankruptcy regime to balance the interests of debtors and creditors.

Summary written by AI (learn more)

Mr. Saktiandi Supaat inquired about the number and percentage of discharged bankrupts who paid their Target Contributions in full from 2010 to 2025, as well as the average and median time spent in bankruptcy during these periods.
The Minister for Law, Edwin Tong, clarified that the target contribution system was introduced in August 2016 as part of the Differentiated Discharge Framework, affecting only cases under this framework.
The target contribution is calculated based on a multiple of the monthly contribution, which varies for first-time and repeat bankrupts, and is determined by the bankrupt's income and reasonable expenses.
The Ministry of Law conducts regular reviews of the bankruptcy regime to ensure a balance between the interests of debtors and creditors.

Questions identified by AI (learn more)

Target Contribution Payment Rates among Discharged Bankrupts from 2010 to 2020 | PAPERCUTS

Target Contribution Payment Rates among Discharged Bankrupts from 2010 to 2020

Debated in Parliament on 14 Oct 2025.

Summary written by AI (learn more)

Mr. Saktiandi Supaat inquired about the number and percentage of discharged bankrupts who paid their Target Contributions in full from 2010 to 2025, as well as the average and median time spent in bankruptcy during these periods.
The Minister for Law, Edwin Tong, clarified that the target contribution system was introduced in August 2016 as part of the Differentiated Discharge Framework, affecting only cases under this framework.
The target contribution is calculated based on a multiple of the monthly contribution, which varies for first-time and repeat bankrupts, and is determined by the bankrupt's income and reasonable expenses.
The Ministry of Law conducts regular reviews of the bankruptcy regime to ensure a balance between the interests of debtors and creditors.

Questions identified by AI (learn more)

Full Transcript

Saktiandi Supaat

Edwin Tong Chun Fai

As the concept of target contribution was introduced in August 2016 as part of the Differentiated Discharge Framework (DDF), the figures provided relate only to cases that come under the DDF.

Summary written by AI (learn more)

Mr. Saktiandi Supaat inquired about the number and percentage of discharged bankrupts who paid their Target Contributions in full from 2010 to 2025, as well as the average and median time spent in bankruptcy during these periods.
The Minister for Law, Edwin Tong, clarified that the target contribution system was introduced in August 2016 as part of the Differentiated Discharge Framework, affecting only cases under this framework.
The target contribution is calculated based on a multiple of the monthly contribution, which varies for first-time and repeat bankrupts, and is determined by the bankrupt's income and reasonable expenses.
The Ministry of Law conducts regular reviews of the bankruptcy regime to ensure a balance between the interests of debtors and creditors.

Questions identified by AI (learn more)

Target Contribution Payment Rates among Discharged Bankrupts from 2010 to 2020

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Saktiandi Supaat

Edwin Tong Chun Fai

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Target Contribution Payment Rates among Discharged Bankrupts from 2010 to 2020

Summary

Questions Identified

Full Transcript

Saktiandi Supaat

Edwin Tong Chun Fai

Summary

Questions Identified