This blog is just some stuff for my pensieve. I know that being on the verge of bankruptcy is not fun. I am talking from experience. Becoming bankrupt must be a lot worse. The combination of high inflation and very high interest rates is expected to send many economies into a tailspin. Bankruptcies are expected to increase. Allianz Trade estimates that bankruptcies will increase globally by 19% in 2023. Bankruptcies in Australia increased to 238 Companies in February 2023 from 175 Companies in January of 2023. The US is expected to experience a 40% rebound with 18,900 bankruptcies. If we think this is only happening in places like the USA and Australia, consider this. In Singapore, we already saw bankruptcies rose last year in 2022. Although the Covid-19 pandemic hurt Singapore's economy, the number of people who were made bankrupt in 2021 sank to the lowest in five years! Ministry of Law data shows that 3,648 people filed for bankruptcy last year in 2022....