Personal bankruptcy in Taiwan

Has anyone any idea what the personal bankruptcy law is in Taiwan. What happens if you are unable to keep up with credit card/loan payments?

The traditional method of dealing with bankruptcy in Taiwan is to quickly buy an airplane ticket and head for the US, China, Hong Kong or Cambodia before your creditors come looking for you with meat cleavers. And trust me, this is NOT a flip answer. Even the formerly rich and powerful use this method. It’s much healthier…

Christopher Skase went to Spain, you didn’t mention there.

Originally posted by amos: Christopher Skase went to Spain, you didn't mention there.

Spain has lousy ma-pwo do-fu.