small debts recovery

Discuss your views about Singapore business & economy, current policies & issues, starting a business in Singapore.
Post Reply
x9200
Moderator
Moderator
Posts: 10000
Joined: Mon, 07 Sep 2009 4:06 pm
Location: Singapore

small debts recovery

Post by x9200 » Fri, 06 Jul 2012 5:22 pm

What does small companies do in Singapore to recover small debts from individual clients? I mean money in the SGD100-300 range? I understand that you can always go to SCT but leaving aside time spent is it possible to recover the money and related expenses this way? What if the court rules in your favor and the person still does not pay?
Related: Is there any kind of Bad Debtor Register that you can apply to have such person included in it?

User avatar
sundaymorningstaple
Moderator
Moderator
Posts: 40008
Joined: Thu, 11 Nov 2004 1:26 pm
Answers: 11
Location: Retired on the Little Red Dot

Post by sundaymorningstaple » Fri, 06 Jul 2012 5:38 pm

We've always used the SCT. Normally it's enough to scare them and they usually pay up. Otherwise, we write it off as the first legal letter would cost upwards of $300 anyway.
SOME PEOPLE TRY TO TURN BACK THEIR ODOMETERS. NOT ME. I WANT PEOPLE TO KNOW WHY I LOOK THIS WAY. I'VE TRAVELED A LONG WAY, AND SOME OF THE ROADS WEREN'T PAVED. ~ Will Rogers

Post Reply
  • Similar Topics
    Replies
    Views
    Last post

Return to “Business in Singapore”

Who is online

Users browsing this forum: No registered users and 9 guests