Reading Time: 8 minutesIntroduction Let’s say you are an investor. You enter a joint investment with a friend and lend him $100,000. Sadly, the joint venture fails, and to make matters worse, your friend has gone bankrupt and transferred half of your money to his wife. Can you get your money back? Unfortunately, once he is declared bankrupt, […]
Reading Time: 7 minutesIntroduction For some, a man is only as good as his word. There is logic in this, given that creditors (also known as moneylenders) often worry about whether borrowers will repay their debts. Debt recovery, after all, can be a tedious and frustrating process. Creditors may often receive no response despite calling, e-mailing, and sending […]
Reading Time: 6 minutesIntroduction How does one achieve financial freedom? One typical answer may be to spend below our means. Unfortunately, some of us may already be beyond the point of no return, with interest causing a seemingly-unstoppable spiral into bankruptcy.[1] Still, there is still hope for individuals who are unable to pay off their debts. Various repayment […]
Reading Time: 7 minutesMoney, money, money, must be funny, in the rich man’s world.[1] Introduction For a potential bankrupt, the notion of “money” is far from funny. Indeed, it is his very lifeblood – the source of both his worry and glee. To bring some assurance and clarity to persons who may have concerns about imminent bankruptcy, this […]
Reading Time: 6 minutesFiling for bankruptcy is a serious and stressful decision to make. In such situations, debtors often seek advice on whether, and how they should go about resolving these debts. With the above in mind, this article aims to help you better understand your legal position before seeking a lawyer’s advice on what it means to […]
Reading Time: 5 minutesWhat are the aims of the Moneylenders (Amendment) Bill 2018? The Moneylenders (Amendment) Bill 2018 which was passed in Parliament on 8 January 2018 (“the Bill”) has a three-pronged aim: to provide borrowers with better protection; to strengthen the regulation of moneylenders; and to professionalise the moneylending industry. The legislative amendments to the Moneylenders Act […]
Reading Time: 4 minutesJust being handed a bankruptcy order and feeling helpless? Or stuck in bankruptcy for a while now and trying to get out? Don’t panic yet! With the amendments to the Bankruptcy Law previously on 1 August 2016 , have you had time to relook at whether you can escape your current bankrupt state since then? […]
Reading Time: 1 minutesThere are some areas where you’ll probably need a specialist practitioner. They include: Accident and Personal Injury Claims Bankruptcy & Insolvency Conveyancing for both Landlords and Tenants Divorce and Family Matters Criminal Matters For any of the above matters, our search function at AsiaLawNetwork.com makes it easy to get a list of relevant lawyers for […]
Reading Time: 3 minutesAs in all professions, there are varying standards to legal services. Competency of a lawyer does not only rest on the years of experience but could also depend on the exposure that a practitioner has in the specific area or industry. Like definitions of “reasonable” efforts, what constitutes “diligent” legal service to a client? Who […]
