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 CCRIS, CTOS, Blacklisted by Bank, Whats The different.

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marvin_teow
post Jun 30 2015, 02:17 PM

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QUOTE(pchan84 @ Jun 29 2015, 03:40 PM)
I got a question, if my fren and his wife own a house, but my fren declared bankrupt, will the house get lelong? I asked few ppl, but a lawyer said wont force sell because as long the wife is not bankrupt, the house are not subjected to sell. Anyone got proper info on this? I have received many different info on this.
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is your fren got any other properties? insolvency department will reserved the right to the bankcrupt person for minimum 1 unit of property.

So, if your fren only hold that unit, Insolvency Department will not take action to force him for sale his unit.
marvin_teow
post Jul 1 2015, 10:30 AM

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QUOTE(pchan84 @ Jun 30 2015, 03:31 PM)
Yea, as far as i know, onli one property is under his name
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then he no need too worry, but of course that house he is staying cannot be simply sale too. blush.gif
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