Another sad story of being a TD... Legal advice needed...
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Bro, its not easy for them to make you a bankruptcy unless you have admitted liability. In your case there seemed to be a lot of details unsettled and agreed upon between you and the creditor.
Even they have the intention to make you bankrupt they need to prove beyond points that you're liable. Perhaps you might want to read more in details with the Singapore Insolvency & Public Trustee’s website.
There are a lot of information which might able to help you.
Sorry to hear about your trouble. Take care n good luck.
In any event, if you require any assistance from the Official Assignee's Pre-Bankruptcy Advisory & Mediation Services, please contact:
Mr Jonathan Chua
Individual Insolvency Division
Insolvency & Public Trustee’s Office
Email: [email protected]
Tel: (+65) 6325 2234 -
Originally posted by Zirofour:
In any event, if you require any assistance from the Official Assignee's Pre-Bankruptcy Advisory & Mediation Services, please contact:
Mr Jonathan Chua
Individual Insolvency Division
Insolvency & Public Trustee’s Office
Email: [email protected]
Tel: (+65) 6325 2234
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Wow IPTO oso come taxi forum Gd day Mr Chua
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This month, alots of companies are closing their financial reports and there is also alots of auditing. Most of these lazy companies' accountants will be looking to chase after bad debts as much as possible, as long as they can get the Receivable received, they can at least prove that they do their work and it will please the shareholders or their bosses if the debts figure is down.
Bad debt written off is alway a big question in any AGM meeting, shareholders or board member will question CFO or chief accountant on why so much written off?? Therefore, year by year, they will go around to pester those 50/50 cases and hope to take back some money so as to make the report more nicer and presentable.