Licensed moneylender

[havetheveryfun]

can advise if money lender or consolidate bank loan do check on lenders on their credit liability and amount qualified to loan?
got to know someone take home pay about 3.5k, but manage loan total about 190k from a bank, 9 moneylenders and private lender
then within few months apply to supreme court for self bankruptcy, court already approved, maybe never check creditors' loan amount and background
so paying only few hundreds per month to clear debt for about 5 years (60) months, out of 190k loan, the most repayment after 5 years is about 40-50k
like this borrower lol...

so are u thinking of doing the same ?

is only 150k (190k - 40k) worth it for you to have a bankruptcy record for life ?

if 1.5 million, maybe still can consider, 150k can't even buy you a 3-room flat.

 

[ck1980]

Bankruptcy Procedure

Dear all,

Can any one advise that i'm receive the supreme court letter for my hearing date where i'm not in singapore, is the way to apply change the date? And how to apply? Any one got this experience? Many Thanks.