When I was growing up, my dad and uncle would often joke about having to declare bankruptcy and putting their children up for sale as child servants to some mean, wealthy stranger.
The only life lesson (if you could call it that) for me? An irrational fear of the B-word bankruptcy.
But as I found out, bankruptcy although tedious and should be avoided at all costs is at its core a procedure that is designed to help you get out from under overwhelming debt.
Heres what you need to know about bankruptcy in Singapore, and some life lessons we can learn from it (not the ones by my dad and uncle).
Bankruptcy, not to be taken lightly
First, a caveat. Bankruptcy is not something to be taken lightly, as there are restrictions and consequence…
Read the full article at: https://www.asiaone.com/money/guide-bankruptcy-singapore-and-3-lessons-learn
