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renewal of ep , if i am going to be bankrupt soon

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samir767
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renewal of ep , if i am going to be bankrupt soon

Postby samir767 » Wed, 05 Jun 2013 12:33 pm

hi seniors,

i need your guidance/advice, since cannot afford lawyers . am on verge of bankrupcy all thks to the 2 casinos. i have some questions. appreciate your response.

1) my ep is gonna expired by end of this year. if i am declared bankrupt. will this affect my ep renewal status.

2) if say worst case , my ep is not able to be renewed , which means i will have to leave SG, but since i am serving bankrupcy i understand i cannot leave SG. wht will happen in such a case , will i be jailed. i cannot pay since no job , but cannot leave country as well.

3) if say i leave SG as it is , will i be declared an offender. will i be able to enter sg a) as tourist. b) for work . say later.

4) if say i leave SG, will the bank authorities file legal case in my home country.

pls help!! i am stressed. its not that i dont want to pay , but i.m not in condition to pay.

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Re: renewal of ep , if i am going to be bankrupt soon

Postby yogaloungeforever » Wed, 05 Jun 2013 12:52 pm

first things first, are you already a declared bankrupt? i am not a senior here but my 2 cents reply. if you are already declared B most likely they will cancel your ep and ask that you leave Singapore. i doubt you will be allowed back into the country once you are a bankrupt.


samir767 wrote:hi seniors,

i need your guidance/advice, since cannot afford lawyers . am on verge of bankrupcy all thks to the 2 casinos. i have some questions. appreciate your response.

1) my ep is gonna expired by end of this year. if i am declared bankrupt. will this affect my ep renewal status.

2) if say worst case , my ep is not able to be renewed , which means i will have to leave SG, but since i am serving bankrupcy i understand i cannot leave SG. wht will happen in such a case , will i be jailed. i cannot pay since no job , but cannot leave country as well.

3) if say i leave SG as it is , will i be declared an offender. will i be able to enter sg a) as tourist. b) for work . say later.

4) if say i leave SG, will the bank authorities file legal case in my home country.

pls help!! i am stressed. its not that i dont want to pay , but i.m not in condition to pay.
Life is short hence I live it to its fullest, that is .... I eat and sleep

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sundaymorningstaple
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Postby sundaymorningstaple » Wed, 05 Jun 2013 1:14 pm

Honestly, I don't have a clue. I think maybe this one is for MS.

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Wd40
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Postby Wd40 » Wed, 05 Jun 2013 2:33 pm

I dont see any evidence anywhere, that says that your EP wont be renewed if you are bankrupt. Its only your employer shouldn't be bankrupt. Also I dont think there is anyway (by mentioning in the EP renewal form, or by any other means) you can communicate to MoM regarding your bankruptcy status.

Also I dont see any reason/logic why they should deny EP to person who is bankrupt.

Hence, as far as my best judgement, there shouldnt be a problem with your EP renewal.

The right thing to do would be just go with the flow, approach agencies that help with credit counselling etc and get their options. If bankruptcy is the only way, so be it.

If you decide to do a runner, then you can kiss your chance of ever coming to Singapore, good bye. Whether banks will take legal action in your home country, depends on the amount and also the bank in question may be, who knows.

If you home country is a developing country like India(you definitely sound like an Indian), chances are you may not get into trouble. But I have heard a case of a person who took loan in Singapore, did a runner to India and then later he went to Australia for work and he was caught there :o

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Postby samir767 » Wed, 05 Jun 2013 3:08 pm

Wd40 wrote:I dont see any evidence anywhere, that says that your EP wont be renewed if you are bankrupt. Its only your employer shouldn't be bankrupt. Also I dont think there is anyway (by mentioning in the EP renewal form, or by any other means) you can communicate to MoM regarding your bankruptcy status.

Also I dont see any reason/logic why they should deny EP to person who is bankrupt.

Hence, as far as my best judgement, there shouldnt be a problem with your EP renewal.

The right thing to do would be just go with the flow, approach agencies that help with credit counselling etc and get their options. If bankruptcy is the only way, so be it.

If you decide to do a runner, then you can kiss your chance of ever coming to Singapore, good bye. Whether banks will take legal action in your home country, depends on the amount and also the bank in question may be, who knows.

If you home country is a developing country like India(you definitely sound like an Indian), chances are you may not get into trouble. But I have heard a case of a person who took loan in Singapore, did a runner to India and then later he went to Australia for work and he was caught there :o


@Wd40
in the EP application form you have a column where you mention u are bankrupt or not. i.m not worried abt bankrupcy , infact i need to be facing this considering my past deeds, but my main question remains unanswered which is my worry, if i am bankrupt and my ep is rejected will i be able to leave SG or not. i understand that u cannot leave SG when bkrpt , but at same time i have no ep so how can i stay in SG. will i be jailed in that instance. pls advice. thks!!

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Re: renewal of ep , if i am going to be bankrupt soon

Postby samir767 » Wed, 05 Jun 2013 3:13 pm

yogaloungeforever wrote:first things first, are you already a declared bankrupt? i am not a senior here but my 2 cents reply. if you are already declared B most likely they will cancel your ep and ask that you leave Singapore. i doubt you will be allowed back into the country once you are a bankrupt.


samir767 wrote:hi seniors,

i need your guidance/advice, since cannot afford lawyers . am on verge of bankrupcy all thks to the 2 casinos. i have some questions. appreciate your response.

1) my ep is gonna expired by end of this year. if i am declared bankrupt. will this affect my ep renewal status.

2) if say worst case , my ep is not able to be renewed , which means i will have to leave SG, but since i am serving bankrupcy i understand i cannot leave SG. wht will happen in such a case , will i be jailed. i cannot pay since no job , but cannot leave country as well.

3) if say i leave SG as it is , will i be declared an offender. will i be able to enter sg a) as tourist. b) for work . say later.

4) if say i leave SG, will the bank authorities file legal case in my home country.

pls help!! i am stressed. its not that i dont want to pay , but i.m not in condition to pay.


@yogaloungeforever


your response is totally opposite to what @Wd40 has stated . i am even more confused now.

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Postby Wd40 » Wed, 05 Jun 2013 3:17 pm

samir767 wrote:
Wd40 wrote:I dont see any evidence anywhere, that says that your EP wont be renewed if you are bankrupt. Its only your employer shouldn't be bankrupt. Also I dont think there is anyway (by mentioning in the EP renewal form, or by any other means) you can communicate to MoM regarding your bankruptcy status.

Also I dont see any reason/logic why they should deny EP to person who is bankrupt.

Hence, as far as my best judgement, there shouldnt be a problem with your EP renewal.

The right thing to do would be just go with the flow, approach agencies that help with credit counselling etc and get their options. If bankruptcy is the only way, so be it.

If you decide to do a runner, then you can kiss your chance of ever coming to Singapore, good bye. Whether banks will take legal action in your home country, depends on the amount and also the bank in question may be, who knows.

If you home country is a developing country like India(you definitely sound like an Indian), chances are you may not get into trouble. But I have heard a case of a person who took loan in Singapore, did a runner to India and then later he went to Australia for work and he was caught there :o


@Wd40
in the EP application form you have a column where you mention u are bankrupt or not. i.m not worried abt bankrupcy , infact i need to be facing this considering my past deeds, but my main question remains unanswered which is my worry, if i am bankrupt and my ep is rejected will i be able to leave SG or not. i understand that u cannot leave SG when bkrpt , but at same time i have no ep so how can i stay in SG. will i be jailed in that instance. pls advice. thks!!


Can you provide me the link to that form?
Here's the form I am referring to and I dont see it:
http://www.mom.gov.sg/Documents/service ... _Form8.pdf
Last edited by Wd40 on Wed, 05 Jun 2013 3:21 pm, edited 1 time in total.

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Postby yogaloungeforever » Wed, 05 Jun 2013 3:18 pm

samir767 wrote: .... but my main question remains unanswered which is my worry, if i am bankrupt and my ep is rejected will i be able to leave SG or not. i understand that u cannot leave SG when bkrpt , but at same time i have no ep so how can i stay in SG. will i be jailed in that instance. pls advice. thks!!


unlike dubai, you won't be imprisoned. i doubt they can hold your passport and keep you in singapore if you are declared B. it's a diff'rent story for singaporean passport holders however.

as per sundaymorningstape, wait and hear what mad scientist has to say.
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Postby samir767 » Wed, 05 Jun 2013 3:36 pm

Wd40 wrote:
samir767 wrote:
Wd40 wrote:I dont see any evidence anywhere, that says that your EP wont be renewed if you are bankrupt. Its only your employer shouldn't be bankrupt. Also I dont think there is anyway (by mentioning in the EP renewal form, or by any other means) you can communicate to MoM regarding your bankruptcy status.

Also I dont see any reason/logic why they should deny EP to person who is bankrupt.

Hence, as far as my best judgement, there shouldnt be a problem with your EP renewal.

The right thing to do would be just go with the flow, approach agencies that help with credit counselling etc and get their options. If bankruptcy is the only way, so be it.

If you decide to do a runner, then you can kiss your chance of ever coming to Singapore, good bye. Whether banks will take legal action in your home country, depends on the amount and also the bank in question may be, who knows.

If you home country is a developing country like India(you definitely sound like an Indian), chances are you may not get into trouble. But I have heard a case of a person who took loan in Singapore, did a runner to India and then later he went to Australia for work and he was caught there :o


@Wd40
in the EP application form you have a column where you mention u are bankrupt or not. i.m not worried abt bankrupcy , infact i need to be facing this considering my past deeds, but my main question remains unanswered which is my worry, if i am bankrupt and my ep is rejected will i be able to leave SG or not. i understand that u cannot leave SG when bkrpt , but at same time i have no ep so how can i stay in SG. will i be jailed in that instance. pls advice. thks!!


Can you provide me the link to that form?
Here's the form I am referring to and I dont see it:
http://www.mom.gov.sg/Documents/service ... _Form8.pdf


@Wd40, yes you are right . in the form section 8 talks abt being deported out , or tried in court , but dosent talk about being a bankrupt. i made a mistake on this. thks for correcting.

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Re: renewal of ep , if i am going to be bankrupt soon

Postby zzm9980 » Wed, 05 Jun 2013 4:52 pm

samir767 wrote:your response is totally opposite to what @Wd40 has stated . i am even more confused now.


It is the opposite because none of us really know, since I'm guessing there aren't a lot of bankrupt expats here.

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Postby bro75 » Wed, 05 Jun 2013 4:52 pm

what is your line of work? there are industries that will not employ bankrupt persons due to sensitivity of their line of work.

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Postby samir767 » Wed, 05 Jun 2013 5:05 pm

i am from manufacturing industry, will there be a concern?

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Postby yogaloungeforever » Wed, 05 Jun 2013 5:19 pm

there was another post in this forum where several points were highlighted on being a bankrupt in Singapore.

nonetheless just a mention from my end that even if you have a valid EP to work here, life will be no fun if you are a bankrupt. you wont be able to apply for loans. so if you wanted to study at the local u, money has to come fr your own pocket. surely you might want to have a place of your own after some years of work and until the B mark is removed from your profile owning your place will be just a dream. it might even affect pr and citizenship apps and you may not be successful with the B curse on you. i read somewhere that once the B mark is on you and you do secure a job, there is also the never ending harassment and stalking by the creditors. of course the creditors are going to ensure you pay up (and depending on how much you owe) and once you get a job whatever you have left won't be enough for you to save. in short, life won't be fun. unless of course you are earning millions. or you dont intend to stay long in Singapore.
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Postby x9200 » Wed, 05 Jun 2013 5:33 pm

If you search with googles for bankrupt site:.mom.gov.sg you can see that the reasults are only in concern of the employers and related (hiring maids, employment agencies etc.) so IMHO there is a good chance you are going to be fine.

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Postby samir767 » Wed, 05 Jun 2013 5:39 pm

@youngforever.

i understand that life will suck, but at least i can clear off the debts and only way would be to work here and pay off all banks , with my income in higher'000s this should be doable within a year or so. If i am deported back to my home country or ep cancelled there is no way i can clear off my loans with my home country salary . will take me ages and i simply cannot work like a slave in that case.


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