50K? u might go to your MP for help on that?
didn't the navy warn you at first about the consequences when
breaking bond?
if they know you won't have. which many singaporean won't have,
an amount of 50K, then why did they let u break it?
if u are working at 2K per month, it'll take around 6 years for
u to clear the debt of 50K - u won't got a cent to spend other then
food and transport.
did the Navy sponsored you for studies and you know you got to
serve a couple of years for them? you go other job also the same
will face bad leader, bad boss and bad colleague, no way to run
away. just need to know how to ENDURE, TAI-JI, relax the mind and
forcus on solutions. etc...
so now you got to pay 50K. is it one time payment or they allow
by installment?
anyway this is what you choose and this is what you have to get.
if u declare bankrupt it stick with you until u die - this is not
the best solution. but the worst.