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Singapore Credit Debt and Employment Pass

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Shadowmaster
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Singapore Credit Debt and Employment Pass

Postby Shadowmaster » Thu, 22 Mar 2007 4:56 pm

I previously lived in Singapore in 2005 and left at the end of 2005 to attend to some urgent family financial matters back in Sydney Australia. Upon leaving I had left outstanding 2 credit card debts. I know the financial institutions took legal means to recover these amounts. As I had left the country the amounts remain outstanding to this day, which I envisage they still need to be sorted out by myself.

I am currently working in HK now but have opportunities to work again in Singapore. Given the outstanding financial debts, will this impede me returning to Singapore for a visit and perhaps returning to live and work and obtain another EP, which I previously have had.

Any advice will be appreciated or links to where i can find information that may answer my concerns.

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sundaymorningstaple
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Postby sundaymorningstaple » Thu, 22 Mar 2007 10:23 pm

Depending on just what legal actions has been taken and where it is at the moment, I would guess there could be an outstanding warrant? If so, there is always a possibility that you could have your passport confiscated so you could not leave the country.

Not sure what other avenues are open, but one of my former employers (ozzie) left after hiring me as the general manager of her company back in the mid '90's. She even asked me if I wanted to be a director :o . I joined the company but only as the GM and not a director. She went back to Aus and after about 2 weeks I found out why. Ultimately, I wound up the company with a letter of indemnity from Allen & Gledhill absolving me of any liability. Seems she owed almost 400K to various companies & IRAS. She was afraid to come back to Singapore once she left. I never saw her again in the two years I was there.

I think I'd call a lawyer to see what it still outstanding and how it could impact you should you enter Singapore. (This board ain't where it's at in this case!)

Good Luck
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lkm
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Postby lkm » Tue, 10 Apr 2007 9:37 pm

my friend also has the same problem. he worked in SG from 2004 - 2006. Upon his EP expired, he went back to his home country, but he was not able to repay his credit card debts - about S$30000 for 4 credit cards.

the difference is my friend would never go back to Singapore to live/work, but he is still very worried as he didn't know what actions the banks had taken. he even not dare to travel overseas as he was afraid that he would be caught when he passed the immigration/customs when he was traveling.


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