Bankruptcy filings decline

Compulsory winding-up and bankruptcies in October  fell from the four-year high in September, data from the Official Receiver's Office show.

Bankruptcy receiving and bankruptcy orders made fell by 9 percent month-on-month to 711. There were 4,750 cases for the first 10 months, down by 25 percent year-on-year.

Winding-up orders made fell by 52 percent from a month ago to 21.

For the first 10 months, there were 180, down by 11 percent from a year ago.

Petitions dropped by 16 percent compared to the previous month to 605. These fell by 8 percent year-on-year to 7,261 in the first 10 months.