SINGAPORE EXPATS FORUM
Singapore Expat Forum and Message Board for Expats in Singapore & Expatriates Relocating to Singapore

Hi, anyone know when a company can declared as bad debt for those company who own them in business?

When is the validity period (no of year) a company can claim from those who own them? I'm confused

it's not regarding to credit cards la. Understand fm lawyer can counterclaim the creditor for their illegal ways after the seizure.....hv police repts & witness there shld be a stop how can a debt be forever. the creditor mentioned they will accumulate over the years then suit to take back (too bad ...

It’s between a debtor and creditor. The creditor didn’t give any letter/call/notice to the debtor for the past 3 years and then later executed the writ of seizure. Items in the house were auctioned but the creditor was unsatisfied with the outcome of seizure, turned to debt collection company which ...