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[h=2]Dr Chee Soon Juan makes settlement proposal to creditors[/h]
August 10th, 2012 |
Author: Editorial
Dr Chee Soon Juan has made a settlement proposal to his creditors, which if accepted would mean that he will be discharged from bankruptcy.
Dr Chee was made a bankrupt in 2006 when he failed to pay Mr Goh Chok Tong and Mr Lee Kuan Yew S$300,000 and S$200,000 respectively, the damages awarded by the court for defaming the two senior leaders of the People’s Action Party.
In an email addressed to the Official Assignee (OA) on 26th July, Dr Chee made an offer of S$30,000 to Mr Goh and Mr Lee towards the settlement of the amount owed.
However, the OA has replied that Dr Chee would need to deposit the amount offered with the OA before it can convey Dr Chee’s offer of settlement to the two creditors, which is the standard practice.
The OA has also informed Dr Chee that the Attorney-General’s Chambers (AGC) and DBS Bank have also filed proofs of debt against Dr Chee’s bankruptcy estate.
The AGC’s claims arise from the court fees that was levied on Dr Chee when he made the application for QCs to represent him for the case. The court rejected the applications, leaving him without counsel. DBS’s claims are for outstanding credit card bills.
Both claims are for a few thousand dollars. As this amount is small compared to that owed to Mr Lee and Mr Goh, the offer will have to be accepted by Mr Lee and Mr Goh before settlement can be arranged for the AGC and DBS.
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Related: SDP Chee at book launch: Untie my hands and let’s have a fair fight
Dr Chee was made a bankrupt in 2006 when he failed to pay Mr Goh Chok Tong and Mr Lee Kuan Yew S$300,000 and S$200,000 respectively, the damages awarded by the court for defaming the two senior leaders of the People’s Action Party.
In an email addressed to the Official Assignee (OA) on 26th July, Dr Chee made an offer of S$30,000 to Mr Goh and Mr Lee towards the settlement of the amount owed.
However, the OA has replied that Dr Chee would need to deposit the amount offered with the OA before it can convey Dr Chee’s offer of settlement to the two creditors, which is the standard practice.
The OA has also informed Dr Chee that the Attorney-General’s Chambers (AGC) and DBS Bank have also filed proofs of debt against Dr Chee’s bankruptcy estate.
The AGC’s claims arise from the court fees that was levied on Dr Chee when he made the application for QCs to represent him for the case. The court rejected the applications, leaving him without counsel. DBS’s claims are for outstanding credit card bills.
Both claims are for a few thousand dollars. As this amount is small compared to that owed to Mr Lee and Mr Goh, the offer will have to be accepted by Mr Lee and Mr Goh before settlement can be arranged for the AGC and DBS.
.
Related: SDP Chee at book launch: Untie my hands and let’s have a fair fight
