Tag Archives: Bankrupt

During his days as a private banker, Karl Liew Kai Lung was sued by a businessman who was his former client, over $6.5 million in investments that he had guaranteed the businessman.

Singapore Democratic Party's Chee Soon Juan lashed out at Lawrence Wong for wanting to develop the country's infrastructure in the next decade. He seems skeptical that it will work as he thinks they lack a sustainable plan and are "bankrupt of ideas".

After years of misery and torments, today marks a new chapter of my life ever since my marriage for the past 5 years...... Looking forward legally to be a free man 3 days from today on the dissolvement of my marriage. Leaving behind nightmares through the ordeals I had suffered. When you got to find out that your wife is having an affair and using sub cards to fund and enjoy a lavish lifestyle for herself and her boyfriend. When all your money in the bank has depleted and chalked 6 figures debts she had incurred under my name. I even had to make a police report on misdeeds she committed. As a man, I had to overcome nearing bankruptcy and lossing hope in life.

Our reader is disappointed by the Oxley Road dispute as it shows double standards in Singapore - one set of laws for the elite, and another for ordinary Singaporeans. LHY and LWL are allowed to cast aspersions at the PM over a course of 2 weeks without facing any legal action while less powerful Singaporeans are subjected to the law of defamation and lawsuit if they do the same. "How do you explain, Mr Tharman, this double standards? You said... 'Have confidence, folks.' Perhaps you should try on the shoes of those who have been sued, bankrupted or gone into exile. As one who supports you being PM, I am disappointed at your nonchalance in this saga."

Finally, after almost five years of work and two very well publicised delays, the Braddell Flyover will finally be opened on the 11 June this year. Residents living in the area where the work was being done can finally have peace from the constant noise and dust from the work taking place there. Now, residents can enjoy the noise from vehicles travelling on the new flyover, plus the dust these vehicles will generate when they travel on the flyover. Nice change, for once. LTA has hoped that the new flyover will ease congestion on the busy stretch of Braddell, where vehicles going into CTE and Upper Serangoon Road generally share the same exit points. But the project faced many difficulties, not least the original contractor going bankrupt in 2014.

SPH is expected to be in red within 5 yrs and might delist, unless there's a huge sustainable reversal.

I'm the victim of the debt collector incident at Funan food stall. Due to business failure, we owe the supplier some goods money. The collector went to the Funan stall and smashed our stall. We reported to the police many times. Now I'm a bankruptcy but till now the collector's still come to my house and bang on my door. I have reported to the police and also been to my MP but this still happens occasionally. Recently the collector's called me up telling me that my debt interest rates getting more. My actual debt is 21K but now they claimed is $32,200 including their salaries. And because of the debt collector's harassment, my wife is going to seek a divorce with me.

A local businessman in his 30s, Simon Goh Chee Kin, is now in the wind after at least 7 local investors lodged police reports against his company Valiant Capital, a Singapore registered gold trading company, claiming that the dividends he had promised them were not paid to them and their queries to him went unanswered. According to the victims, they had been trying to contact Goh but since June, the businessman has not been contactable. The company's office premises at Orchard Towers has also been vacant for months.

During a press conference held on Nomination day, PAP candidate for Holland-Bukit Timah GRC Dr Vivian Balarishnan criticised SDP's Dr Chee Soon Juan, warning Singaporeans that the policies SDP are prescribing will bankrupt Singapore and the future generations of Sinagaporeans. He said:

Man, this CCS either gets a foot in his mouth or he is spewing half truths which becomes yet another foot in the mouth when he gets exposed by social media. What? He expects us buy the crap that horny Nordics are producing children left and right just because society accepts children out of wedlock?