Are bankrupt pariahs?

Datok SG

The government asks you to be an entrepreneur, starts your own business, venture overseas, etc, etc, ... In a way you could help the economy by you creating more jobs for fellow Singaporeans, more rental places getting fill up, transport and service industries getting more business, etc...

And they collect more taxes. And mind you, the minute you succeed, they will support your ventures and later claimed that they played a part in your success. But the minute you failed, you are left all alone to face your creditors.

I agreed that we will have to face the creditors as we owe them the money and we have to pay them back, and that is their rights to demand what is owed to them.

But my point is that when you are being declared a bankrupt, the people at the Official Assignee office treats you like as though youve cheated the whole world. Not a single dignity is given to you.

Failing is part and parcel of running a business. Who wants to start their own business if they are treated like pariahs should they fail?

Under the PM Goh I do notice a change in the attitude of the people in the OA office.

But mind you, I started my own business about 20 years ago, long before they ask Singaporeans to start.

dragg SG

that is the sad part when you fail in business. but if you are successful you get all the glamour you want.

lwflee SG

Do those people really have an attitude problem? If so i suggest that you lodge a complaint with the relevant depts. After all, those ppl being paid to provide a service and i do not think that being a twat is part of the job description. Further, those ppl are probably only a few paychecks away from bankruptcy themselves. Laughing

dragg SG

btw i have read that some bankrupts actually made things very difficult for the OA office. an action calls for a reaction.

maybe they are just trying to do their work.

iveco SG

Can anyone remember former NMP CHia Shi Teck and chairman of Heshe Holdings? When he was declared bankrupt in 2003, he was shunned by many sectors of society. The Boy Scouts were supposed to honour him for the contributions he made to their movement, but when news of his bankruptcy broke, the ceremony was called off. A hush-hush event took the place of that. Later on, an Australian journalist called Backman made a joke of the whole issue.