Re: DISCHARGE FROM BANKRUPTCY (Re: S'pore June bankruptcies rise to three-month high)
- From: George Soros <george@xxxxxxxxx>
- Date: Tue, 18 Jul 2006 06:49:29 +0800
On Mon, 17 Jul 2006 21:33:07 +0800, "Yaya" <tulang49@xxxxxxxxxxxx>
wrote:
There are many company bosses use these trick.
They are protected under this umbrella.
Th question is how will you get the bank to loan you the million dollars
first.
Take 100k from each of your 10 creditors against the same collateral
and presto you have cheated 1 million $........ run off to OA office
for protection. Lie low for 5-7 years and you become free man with 1
million bucks to spend.
Only can happen in sg....
If you have the right connection, the patn can be very easy here in.
Singapore.
Remember: legalise the corruption, legalise the crime, but only for those
who are in the circle of network.
"George Soros" <george@xxxxxxxxx> wrote in message
news:pivlb2hv7p938cs1954bitp6lp90trltj8@xxxxxxxxxx
plucking
Gahmen is tweaking the system to make release from bankruptcies much
easier. Die, die must make the numbers look good. And OA hatchet man
will make the numbers of bankruptcies get significantly reduced.
I got a friend who was owed 4.8 million bucks but the bankrupt paid
only $3000 over 7 years and now OA is helping to get
High Court to discharge the bankrupt!! The bankrupt declared a salary
of $3,000 but paid only $50 monthly towards creditors' fund...
Ladies and gentlemen: this is one way of getting rich - cheat as much
as you can, declare bankruptcy and start on a clean slate 7 years
later!!
OA protects bankrupts, who is there to protect legal creditors? Who is
there to make sure bankrupts and OA office play by the rules???
After 7 years, OA will apply on behalf of bankrupt (no matter what)
for a Court ordered discharge which more often than not are granted on
strength of some hocus pocus report.....
Foreign investors should take note that Bankruptcy in Singapore has
been tweaked and take it with a pinch of salt. It is not same as in
USA or UK!
On Sun, 16 Jul 2006 22:56:41 +0800, "Samy" <samy@xxxxxxxxx> wrote:
More jobs? Take it with a handful of salt! The PAP is resorting to
figures from the air>
- Follow-Ups:
- References:
- Prev by Date: Re: DISCHARGE FROM BANKRUPTCY (Re: S'pore June bankruptcies rise to three-month high)
- Next by Date: Re: I like older man dating me
- Previous by thread: Re: DISCHARGE FROM BANKRUPTCY (Re: S'pore June bankruptcies rise to three-month high)
- Next by thread: Re: DISCHARGE FROM BANKRUPTCY (Re: S'pore June bankruptcies rise to three-month high)
- Index(es):
Relevant Pages
|
