facebookAs a creditor to a friend, what would you ask the debtor or Official Assignee (to protect your rights and $$) at creditor's meeting (before they proceed to the voluntary bankruptcy judgment)? - Seedly

Takingstock @

16 Jun 2019

Property

As a creditor to a friend, what would you ask the debtor or Official Assignee (to protect your rights and $$) at creditor's meeting (before they proceed to the voluntary bankruptcy judgment)?

Heavy this is. I took a leap of faith, to lend this friend 5700, of which 3950 was the prepaid fees to file for voluntary bankruptcy.

The declared debt is primarily credit card and credit lines, and works out to be 2 years of his take home income, and he has not declared all amounts borrowed from friends (including my 5700). Kinda torn whether to push for the benefits of other friends who also lent him $$.

To be nice, or be worried and be hurt?

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Charmaine Ng

16 Jun 2019

The Value Maximizer at @ Every Ma La Xiang Guo Stall

Hey there sorry but please stop your friend to apply for his self voluntary bankruptcy proceeding. If a creditor applied for his bankruptcy, they can recover the application deposit of $1850. I have no idea where the remaining $2k plus goes to;did your friend let you know?

https://www.mlaw.gov.sg/content/io/en/bankruptc...

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