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Look at the number of bankruptcy

melzp

Alfrescian
Loyal
abc came to my office as a bankcruptcy 25yrs ago for hard cash himself;
issued me chqs whch bore wife's name. we were colleagues before.
 

johnny333

Alfrescian (Inf)
Asset
I see many businesses closing from Shops to stalls at hawker centers. Things are really bad in Spore. That's is why there are so many desperate people who want to get their CPF.

By denying people their CPF the PAP are asking for trouble. We will see by the next GE how much trouble:wink:
 

Charlie99

Alfrescian (Inf)
Asset
abc came to my office as a bankcruptcy 25yrs ago for hard cash himself;
issued me chqs whch bore wife's name. we were colleagues before.

If I understand your message correctly, Mr. ABC was a bankrupt (I assume he is an undischarged bankrupt), and he borrowed $25,000 from you, in exchange for $25,000 worht of cheques issued in his wife's name.

Let's assume Mr. ABC borrowed the money from you, and assume that you have documentary evidence to substantiate the loan to him.
I am not giving you any legal advice, and this is only for discussion purposes, and it may not be 100% accurate because I have forgotten the bankruptcy laws of Singapore (learned from the 1980's).
Since you lent him the $25,000 after the date of bankruptcy, whether or not he is an undischarged bankrupt, you are not bound by "the stay of proceedings", and you should try to contact him to recover the $25,000, because you are a post-bankruptcy creditor.
 

BuiKia

Alfrescian (InfP)
Generous Asset
Sometimes it is the women tat cause men to be bankrupt.

I used to have a buddy whose wife everyday complain to him why they cannot buy a car? She also want to buy a condo because many of the friends stays in one. The problem is, she is making my buddy pay for everything that the family use and also need to give her monthly allowance (although she works). They also need to have overseas trip twice a year.

My friend become very stress because all of his monthly pay is used on the family and he has no savings. He is constantly worried because he has nothing for retirement and everyday nagged by the wife on how useless he is because no car and no condo. I think if he had gave in to the wife and bought a car and condo, I'm sure he would have been a bankrupt too.

Sadly, despite so, a few years later, he was diagnosed with cancer and died within 6 months. It must have been the stress because they quarrel frequently about what the WIFE wants.
 

melzp

Alfrescian
Loyal
tks charlie. Either way Im fuked.
In an other case, before a Judge here in Sg; I was shocked when He said " is it wrong
if he dont pay u?" This is the way Sg work when there are connections.
 

tonychat

Alfrescian (InfP)
Generous Asset
Sometimes it is the women tat cause men to be bankrupt.

I used to have a buddy whose wife everyday complain to him why they cannot buy a car? She also want to buy a condo because many of the friends stays in one. The problem is, she is making my buddy pay for everything that the family use and also need to give her monthly allowance (although she works). They also need to have overseas trip twice a year.

My friend become very stress because all of his monthly pay is used on the family and he has no savings. He is constantly worried because he has nothing for retirement and everyday nagged by the wife on how useless he is because no car and no condo. I think if he had gave in to the wife and bought a car and condo, I'm sure he would have been a bankrupt too.

Sadly, despite so, a few years later, he was diagnosed with cancer and died within 6 months. It must have been the stress because they quarrel frequently about what the WIFE wants.

Let me guess.. That must be a sinkie wife.. So marry a wrong woman will shorten your lifespan.
 

BonnieH

New Member
It's sad but yeah, I think it's normal for so many to be called bankrupt these days. I think no one's exempted from this. While the magic of celeb may elevate the status related to specific individuals, this does not mean that everything celebs touch turns to gold. Many of them have also experienced bankruptcy. They are individuals, too. They make bad investments and drop cash like the rest of us. Anyway, here are a few bad celeb investments that may cause you to feel better during the night.
 

lifeafter41

Alfrescian (Inf)
Asset
Sometimes it is the women tat cause men to be bankrupt.

I used to have a buddy whose wife everyday complain to him why they cannot buy a car? She also want to buy a condo because many of the friends stays in one. The problem is, she is making my buddy pay for everything that the family use and also need to give her monthly allowance (although she works). They also need to have overseas trip twice a year.

My friend become very stress because all of his monthly pay is used on the family and he has no savings. He is constantly worried because he has nothing for retirement and everyday nagged by the wife on how useless he is because no car and no condo. I think if he had gave in to the wife and bought a car and condo, I'm sure he would have been a bankrupt too.

Sadly, despite so, a few years later, he was diagnosed with cancer and died within 6 months. It must have been the stress because they quarrel frequently about what the WIFE wants.

Yes, trying to keep up with the Lim and Tan, can be a stress itself. Does he has any children?, did the wife remarry?. Good luck to the guy that takes in the ex wife though.
 

JohnTan

Alfrescian (InfP)
Generous Asset
Sometimes it is the women tat cause men to be bankrupt.

I used to have a buddy whose wife everyday complain to him why they cannot buy a car? She also want to buy a condo because many of the friends stays in one. The problem is, she is making my buddy pay for everything that the family use and also need to give her monthly allowance (although she works). They also need to have overseas trip twice a year.

My friend become very stress because all of his monthly pay is used on the family and he has no savings. He is constantly worried because he has nothing for retirement and everyday nagged by the wife on how useless he is because no car and no condo. I think if he had gave in to the wife and bought a car and condo, I'm sure he would have been a bankrupt too.

Sadly, despite so, a few years later, he was diagnosed with cancer and died within 6 months. It must have been the stress because they quarrel frequently about what the WIFE wants.

Your friend married the wrong woman. A good wife should be supportive and think of the family's future, and not be overspending just to satisfy her ego.
 

JohnTan

Alfrescian (InfP)
Generous Asset
I see many businesses closing from Shops to stalls at hawker centers. Things are really bad in Spore. That's is why there are so many desperate people who want to get their CPF.

By denying people their CPF the PAP are asking for trouble. We will see by the next GE how much trouble:wink:

But rentals are still going up. I am making good money from REITs and rental properties. That means there are enough successful businesses around. In the next GE, I am confident PAP can get at least 65% support, due to its fine management of the economy.
 

Charlie258

Alfrescian
Loyal
I see many businesses closing from Shops to stalls at hawker centers. Things are really bad in Spore. That's is why there are so many desperate people who want to get their CPF.

By denying people their CPF the PAP are asking for trouble. We will see by the next GE how much trouble:wink:


Too darn right, my friend. My Sis is in the property management line, her office staff have had to ask many commercial tenants to leave already. For non-payment of rent. Many more are soon to be thrown out too, because they are already in rent arrears.
 

Leckmichamarsch

Alfrescian
Loyal
bankruptcy in USA, the land of the free is nothing. They just start all over again.

bankruptcy in singapore,well, i feel sorry for them. If they were born in USA, things will be so different.

Wrong

Take Tan Bee Kee n Veronica Yeo Mui Joo of Advance Gravis Computer fame.................. despite being bankrupt they still zip around in aircond limo and stay in fully aircond apartment.......... at one time even running property agency

All complaints to OA bounced back........... OA wants complainant to serve all evidence on a plate before they are willing to take action

As bankrupts they earn some eight grand monthly......... Veronica earns four grand from Mini Toons as HR Mgr Tan Bee Kee is sourcing director there,,,,,,,,,,,, income undeclared

Even go on annual holidays with their children the last one was borned on second year of bankruptcy with Veronica staying in first class ward in Mt E....................

Bankruptcy is the way to go............... datz why the list is so long and OA even give silly excuse to have bankrupts released becos of the length of bankruptcy even though these bastards have not paid a single cent to judgement creditors
 

Leckmichamarsch

Alfrescian
Loyal
Sometimes it is the women tat cause men to be bankrupt.

I used to have a buddy whose wife everyday complain to him why they cannot buy a car? She also want to buy a condo because many of the friends stays in one. The problem is, she is making my buddy pay for everything that the family use and also need to give her monthly allowance (although she works). They also need to have overseas trip twice a year.

My friend become very stress because all of his monthly pay is used on the family and he has no savings. He is constantly worried because he has nothing for retirement and everyday nagged by the wife on how useless he is because no car and no condo. I think if he had gave in to the wife and bought a car and condo, I'm sure he would have been a bankrupt too.

Sadly, despite so, a few years later, he was diagnosed with cancer and died within 6 months. It must have been the stress because they quarrel frequently about what the WIFE wants.

Why nobody tell her to spreadeagle........ can make lots of money to buy bungalows
 

Leckmichamarsch

Alfrescian
Loyal
More failing to repay mortgages on time - The number of borrowers with delinquent mortgages - accounts that have not been paid for more than 30 days - hit 4,186 in May, up 20 per cent from the 3,340 a year earlier, the Credit Bureau told The Straits Times.
http://j0035001-1.blogspot.sg/2014/07/more-failing-to-repay-mortgages-on-time.html

The borrowers face delinquent mortgages before any spike in interest rates. We can only attribute this phenomenon to another 2 reasons:

- Poor yields/demand for residential rentals, just sufficient to cover loan-interests and maintenance fees.

- Speculators who bought their 2nd or 3rd properties in the last 2 years, will face Seller's Stamp Duties if they offload immediately. By definition "Taxes" are meant to be imposed on profits, but Stamp Duties (SD) apply to overall selling price. As such, this group of delinquent buyers are now contemplating whether to realize their paper losses + SSD or hang-on for a while more.


I saw in one new condo with three out of five levels not occupied.......... I think they are owned by speculated or flippers who got burnt badly
First few months tenanted but now resided by ghosts n spirits
Pain man .......... to service bank loans
Serve these bloodsuckers well
 

Leckmichamarsch

Alfrescian
Loyal
Based on what I read, and know, the bankruptcy legislation in Singapore is very unforgiving.

In Canada, a majority of the personal bankruptcies do not require a notice in the newspaper, and the stigma is no longer there.
But there are many repeat bankruptcies, second timers, third timers, in the past decade, probably due to casinos and high credit card debt.
More and more seniors (age 65 and better) have also gone bankrupt.

see the case of Tan Bee Kee n Veronica Yeo Mui Joo ....... Mini Toons giving refuge and helping to conceal dirts
 
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