Got debt…no issue, Chiobu Consultant can help u for more saving… samsters wet wet underwear?

[k1976]

Consultants’ luring debtors to borrow more to exploit government bankruptcy avoidance scheme​

David Sun
Sun, 15 June 2025 at 5:00 AM SGT6-min read

At least a dozen debt consultants have been touting their services on TikTok, encouraging debtors to apply for bankruptcy.
SINGAPORE – TikTokers advertising themselves as debt consultants are charging debtors thousands of dollars to exploit a government bankruptcy avoidance scheme.

Checks by The Straits Times showed that there are at least a dozen such consultants on the social media platform.

One consultant said that for a fee, he can guide debtors through the Debt Repayment Scheme (DRS) to help them secure a discount on their debt.

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He said he had helped a client clear a debt of more than $100,000 with a repayment of only one-third of what he owed, or $35,000.

“That’s $65,000 savings, no shiok meh? (sic),” the man added.

ST understands such firms charge debtors between $1,000 and $5,000 for their services.

Credit Counselling Singapore (CCS), a non-profit organisation and registered charity, said it has seen a number of debtors falling prey to exploitative debt consultancy firms.

CCS general manager Tan Huey Min said it had a debtor who approached the organisation after he paid a consultancy firm in hopes of getting on the DRS.

 

[k1976]

The man had debts of more than $150,000, above the threshold for the bankruptcy avoidance scheme.

Ms Tan said that when the debtor was deemed ineligible for the scheme, the debt consultancy firm did nothing to help him.

“When these debtors go to some of these firms, they are told they have to first fork out several thousand for their services.

“They already have no money, where do you expect them to find a few thousand?” she said.

“What some of them have done is unethical, because they call themselves a consultancy firm, but they don’t provide comprehensive information even though they claim to be professionals.

 

[k1976]

 

[k1976]

 

[k1976]

Any samsters vegetables?

 

[True Believer]

The consultant and her clients' secret

 

[k1976]

How to calculate your Household Wealth?

Net household wealth, also known as net worth, is the total value of a household's assets minus their total liabilities. It represents a household's financial health and provides an indication of their financial standing. Essentially, it's what a household would have left if they sold all their assets and paid off all their debts.

Here's a breakdown:
Assets: These are things a household owns that have monetary value. They can be:
Financial assets: This includes savings accounts, investments (stocks, bonds), retirement accounts, and insurance policies.

Non-financial assets: This primarily includes the value of the household's dwelling (home).
Liabilities: These are the debts and obligations a household owes. They can include: Mortgages, Car loans, Credit card debt, and Student loans.
Calculation: To calculate net worth, you subtract total liabilities from total assets.

Example:
If a household owns a house worth $500,000, has $100,000 in savings, and has $200,000 in mortgage debt, their net worth would be $400,000 ($500,000 + $100,000 - $200,000).

Importance:
Net worth provides a comprehensive view of a household's financial position, beyond just income.
It can be used to track financial progress over time and to plan for the future.
It can also be used to compare a household's financial health to others.

 

[k1976]

https://sbr.com.sg/markets-investin...-singapore-double-its-stock-market-value-2030

What will drive Singapore to double its stock market value by 2030?

Singapore could even rank closer to peers like Taiwan and Australia.

Singapore is on track to nearly double its stock market capitalisation by 2030, driven by productivity gains, equity market reforms, and the country’s strategic push into high-growth sectors, according to a new report by Morgan Stanley.

The bank forecasts Singapore’s GDP to grow at an average of 3% annually over the next five years, the fastest amongst developed economies.

Household net assets are projected to reach $5.12t (US$4t) by 2030, up from about $2.56 t (US$2t) currently.

On a per capita basis, net household wealth is expected to grow to $3.20m (US$2.5m) from $2.05m (US$1.6m).

 

[cocobobo]

Why samsters always wet wet underwear... Got incontinence?

 

[k1976]

Why samsters always wet wet underwear... Got incontinence?

Stage set for more than Swiss Standard of Living….

 

[k1976]

Why samsters always wet wet underwear... Got incontinence?

Because Lao Hero has leaky valves…especially blood pressure shotup when see external stimulations eg Chiobu or Huat Big Big opportunities

 

[True Believer]

Stage set for more than Swiss Standard of Living….

The Swiss Standard of Living is available to only 20% of S'poreans, while 100% only have the Swiss Cost of Living.

 

[WangChuk]

Consultants’ luring debtors to borrow more to exploit government bankruptcy avoidance scheme​

David Sun
Sun, 15 June 2025 at 5:00 AM SGT6-min read

At least a dozen debt consultants have been touting their services on TikTok, encouraging debtors to apply for bankruptcy.
SINGAPORE – TikTokers advertising themselves as debt consultants are charging debtors thousands of dollars to exploit a government bankruptcy avoidance scheme.

Checks by The Straits Times showed that there are at least a dozen such consultants on the social media platform.

One consultant said that for a fee, he can guide debtors through the Debt Repayment Scheme (DRS) to help them secure a discount on their debt.

ADVERTISEMENT

He said he had helped a client clear a debt of more than $100,000 with a repayment of only one-third of what he owed, or $35,000.

“That’s $65,000 savings, no shiok meh? (sic),” the man added.

ST understands such firms charge debtors between $1,000 and $5,000 for their services.

Credit Counselling Singapore (CCS), a non-profit organisation and registered charity, said it has seen a number of debtors falling prey to exploitative debt consultancy firms.

CCS general manager Tan Huey Min said it had a debtor who approached the organisation after he paid a consultancy firm in hopes of getting on the DRS.

walan eh .... so openly mock and embarass PAP Government and the entire Singapre Law business .... she jialat liao lah.

 

[k1976]

walan eh .... so openly mock and embarass PAP Government and the entire Singapre Law business .... she jialat liao lah.

Pro Business mah
U say I say jitao Lim kopi
Small big bosses say…no problem de