Hi all,
A close friend of mine lost a lot of monies in stock gram long, have left Singapore with 2 CC debts around 40k and a couple of licensed moneylenders (around 30k)
What will be the outcome if he comes back to Singapore?
Is it a good idea if I persuade him to file insolvency (as he has no money to pay off he huge outstanding)? If he file insolvency, will he be able to leave Singapore afterwards?
Many thanks and looking forward advices