Daily Archives: 10/07/2017

Bankruptcy Attorneys Give People the Ability to Start Over and Rebuild Their Lives

Where does a person, or business turn when their debts exceed their assets? While it’s worth it to ponder the outcome of what will happen if the bills aren’t paid, it’s better to get busy and hire a lawyer who can help. If a person is a resident of Singapore, at least $10,000 or more in debt, or a business that’s been operating for one year, the resident can file for bankruptcy. Both the creditor and debtor can begin their own proceedings. Naturally, the creditor wants paid what they’re owed for products purchased by the debtor, ahe debtor wants out from under all the bills he/she owes very quickly.

For both the resident, and owner of the business, there is much heartache and humiliation that goes into filing bankruptcy, but the liquidation lawyers in Singapore can certainly help. The liquidation of assets means that the goods the business owns may …