According to the High Court, an individual becomes bankrupt if he or she owes at least S$10,000 and has no means to pay it. Filing for bankruptcy can be done by the creditor or the debtor. A deposit of S$1,600 to the Official Assignee (OA) is required. The OA is the authority that is responsible for selling as
On your first full-time job after graduation, you are bound to make minor to costly mishaps. Keep in mind that it is okay to make these mistakes especially at the beginning of your career. It helps you to learn and as you bounce back, you will be tougher than you ever were before. On that
BACKGROUND In Singapore, more and more couples are interested to enquire about what Prenuptial Agreement entails. Prenuptial Agreement (Prenup) is a contract between a couple that is about to get married. It is used to set the terms of assets, the control over properties acquired before marriage, the potential wealth division if the relationship later
Believe it or not, the bank often lends its money to people who are stable enough that they would not need to borrow the money anymore. This is why some Singaporeans turn to alternative ways of acquiring money including Licensed Money Lenders. Now, before you borrow money from any of these options, you must know
1. SHOP ‘TILL YOU “DEBT” Do not bury yourself in a pile of debt because you cannot live without the new Prada bag. Saving up for a new designer bag or a new car is a better option than having to loan money for it. Seek a balance between your debts and your savings by
