Bankruptcy

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jpinsg
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Bankruptcy

Post by jpinsg » Fri, 07 Jul 2017 1:07 pm

Is anyone aware whether or not a foreigner can travel in and out of Singapore as a tourist if they are listed in Singapore as a Bankrupt individual?

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PNGMK
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Re: Bankruptcy

Post by PNGMK » Fri, 07 Jul 2017 3:08 pm

jpinsg wrote:Is anyone aware whether or not a foreigner can travel in and out of Singapore as a tourist if they are listed in Singapore as a Bankrupt individual?
Not without permission. If a foreigner is bankrupted while in Singapore their details with be with ICA and it is illegal to travel for a holiday or otherwise without the permission of the trustees. The reason being is you should not have the funds available and if you do; then please explain why they are not being used to reduce your debt?
I not lawyer/teacher/CPA.
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!

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ecureilx
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Re: Bankruptcy

Post by ecureilx » Fri, 07 Jul 2017 6:12 pm

jpinsg wrote:Is anyone aware whether or not a foreigner can travel in and out of Singapore as a tourist if they are listed in Singapore as a Bankrupt individual?
Not without OA permission.

Oh wait. Re reading it.

The person's gonna get arrested on arrival if they left after being declared insolvent.

If they were declared insolvent when out of country, they can be held till IPTO gives their decision.

Where is this person from anyway ?

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