Two months ago, veteran Taiwanese comedian and host Peng Chia Chia held a press conference to announce that he had filed for bankruptcy after suffering massive financial losses of NT$240mil (S$11.4mil) from failed movie ventures. Even after mortgaging his house, he still owes a staggering NT$120mil (S$5.7mil).

On October 7, the 64-year-old gave an update at another press conference, and sadly, things are still not looking great for him. He admitted that his income from the three shows he is involved in is nowhere near enough to clear his debt. In fact, he fears not being debt-free for another 20 years, especially if he remains stuck in his current situation.

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