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Bankrupt at 31: Finding Freedom on the Other Side of Financial Ruin

Summary by RICE
All images by Xue Qi Ow Yeong for RICE Media. “Once I declared bankruptcy, I felt 10 kilograms lighter,” Adams Yap tells me.  For most people, bankruptcy is a private source of shame. For Adams, it’s part of his public persona. The 31-year-old entrepreneur documents his “road to zero”—zero debt, that is—on TikTok.  Whenever he chips away at his debt, he updates his bio. As of May 16, 2025, he still owes his creditors $243,708.01. A pretty respec…
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RICE broke the news in on Friday, May 16, 2025.
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