If that is true, why not engage the same 'ah long' to collect his debt?

that is what i heard from my mom, i am not sure what my uncle is doing, i think the client not paying due to it is not complete yet but more of a tollgate payment. But anyhow that's my assumption.
my uncle made a report to the police, but police can't do anything due to "reasons" as always.

i am not sure how this is going to end, he and his family will not be back for cny.

Police wont entertain any civil case.
Either they will divert them to tribunal or other place.
Mostly they would ask you settle sendiri.

yea, from what i heard, that's the problem even when Ah long is involved, and my uncle's wife and children, immediate families are affected by the ah long

This post has been edited by gundamsp01: Dec 21 2019, 12:14 AM

My ex landlord chase by arlong also affect me.
Cause i hang the board cari housemate room to sublet. They called and asked if im the owner. So i divert the number to them. They stop called me afterward. Before that they called me few time.

Hire the same debt collector to collect debt from the business that owe your uncle.

There is no solution if he cannot afford to pay.

Dont come home anymore. Hopefully the ah long wont be able to locate him.

now his wife has to bear the debt as she signed the agreement as the guarantor. Sigh

It doesnt matter anymore as this is a family problem.

If the counter party willing to hire loan shark to collect the defaults it really means your uncle really kaki busuk fella, he shouldn't avoid not paying at the first place and when this happened he really asked for it.

In business when there is debt default it's pretty normal , instead of negotiating how to make payment with the counter party or work a way to pay off like sell assets ,but then again it's too late at this stage, mind you the fee hiring loan shark bear by your uncle , the debt will be more than the initial amount owed

The best solution is quickly pay off the debts by all means, start selling assets or take loan from banks if can't pay worse to worse bankrupt akpk which is better than ah long

You don't understand the chain effect of payments in business. Your debtor cannot pay you so you cannot pay your creditor. It happens all the time but few businesses resort to using loan sharks to collect. He did not ask for it and the one using loan sharks to collect a business debt is the real kaki busuk. There are unwritten ethics in doing business. In such a situation everybody has to be patient. When one party runs out of patience the worse he should do is take legal action, not use loan sharks.

The business debt may exceed one's personal assets and declaring bankruptcy is pointless when loan sharks are involved.

His wife may be a director in his company so both of them were asked to sign personal guarantees for the payment. The creditor should have used legal channels to collect a business debt instead of using loan sharks and turning their lives upside down. The creditor company must be run by ex-samsengs.

well, in construction field, i wouldn't say the people who do well in this line are elegant and law abiding citizen

too many hanky panky stuff, but what has happened has happened. Now not sure how he will settle this, as from what i know, he is hiding somewhere, while his wife has brought the children and went somewhere else. Sigh, pity the children

Hiding will not solve the problem. The children may need to go attend school soon. Only his creditor can call the loan sharks off so he should contact them and work out a payment plan. If he has a property ask for time to sell it off. If not ask for time for his company to make money back to pay by instalment. When his creditor sees that he has really no money to pay immediately it is pointless for them to drive him to suicide. He should also keep pressing the company owning him money to pay.

actually the moment you run away from your debt thats when ahlong resorts to dirty tactic. Your uncle should hv confronted the supplier and ask for more time. He needs to be brave in this situation. Running away will not fixed this. Same as bank, if they call u and u not picking up then after few times they will hired debt collector. Your uncle should bring the debtor to his client's office and show them they are not paying him.

The counter party is also a loan shark? Then not much u can do if you took their debt agreement. Lipot polis wont really stop them from ruining your life/company, but maybe it might help, but it all depends - if the creditor is legit - then file bankruptcy and liquidate company OR restructure repayment.

I've no idea about haroom lenders, but chances are any form of agreement goes out the window the moment you approach them.

ur uncle business plan is weird. ur uncle complete the project without receiving initial payment and another payment by phase of how many % the project has completed?

my father in construction also, when payment is not smooth the project will stop because payment is collected based on the % of completion.