Originally posted by jaded:
Don't give me nonsense, please... I am already very
stressed. 
I hope to get some advice from people who have been sued for
bankruptcy in Singapore. 
Not me?
I hear so many rumours and versions about it, like cannot take
taxi/own mobilephone/etc. What I want to know is...
The main things I know about are the ones you've mentioned below
about travelling and running business. From what I know you would
have to make lots of declaration. Perhaps your ability to take
taxi/own HP etc is largely BASED on your declaration.
How great is one's chance of getting discharged after 3
years?
It depends on how you clear your debt? You won't be discharged for
nothing.
Will I still have a record or still be able to get credit after
discharge?
Subjective I guess? But normally loan firms and banks DO take into
consideration of your past history for bankruptcy and such. Even
stock and commodities market and job hunting take into
consideration of this...?
I know the main restrictions of being a bankrupt includes not being
able to run a company/business and must seek approval before
travel.. any other restrictions?
That's about the same thing I know?
During writ of seizure, will they take things away like my aircon
(already installed), oven/hob/stove, sofa? how about my personal
stuff like handphone, pda? (dont say I die die still want these
things, impt to my work)
I guess they have EVERY RIGHTs to do so? They can SELL your things
and try to get EVERY PENNY out from you? Alot would depends on how
you make your declaration I guess? If your usage of HP and PDA is
largely work-related and can affect your ability to clear the debt
you can make proposals? But note, they most probably have every
right to reject you....
Any implications on my wife?
Hope to get some real answers here...
Not sure about your wife. But indirectly most probably she would be
more or less affected? Is she working? If there is a need, she
should file for maintenance from you?
I would advise you to get legal advices from Legal Aid
In this forum, Joanne (worked in legal firm before), Ruthie and
Blurbop might be able to help you answer some of your
questions...
Take care, and good luck?
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