Letter of the day Offer bankrupts dignity and real chances for recovery
The Straits Times|December 18, 2024
Bankruptcy in Singapore is a difficult journey.
Raymond Lim

The struggles extend beyond finances, affecting entire families. For children of bankrupt parents, even opening savings accounts is impossible.

They face peer pressure when friends go on holidays, while their parents cannot travel overseas.

For bankrupt working adults, travel for business is complicated as phone roaming services are locked by telcos, leaving them vulnerable in emergencies.

While bankrupts can request early discharge after 36 months if target contributions are met, this is not a smooth process.

Diese Geschichte stammt aus der December 18, 2024-Ausgabe von The Straits Times.

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Diese Geschichte stammt aus der December 18, 2024-Ausgabe von The Straits Times.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

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