Veteran Taiwanese comedian and host Peng Chia Chia has filed for bankruptcy after suffering losses of NT$240mil (S$11.2m) due to his failed movie ventures.

Revealing his financial woes at a press conference yesterday (Aug 6), the 64-year-old said he owed money to about a dozen creditors and has been ridden with debt for the past two years. Despite mortgaging his house and borrowing from illegal moneylenders, he is still unable to pay off his remaining NT$120mil (S$5.6m) debt.

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