Forum
Last updated: 

WHat would happen if I have been declared bankrupt?

I have successfully payed for bankruptcy but now I am wondering what happens next? I have now been declared a bankrupt and I don;t know where to proceed from here nor do I knowwhat will happen to my assets and liabilities. I am also curious if there are still some documents that I need to submit.after filing for bankruptcy.

User comments

  • user image

    No Name

    Since you're already declare as a bankrupt there are simple steps that you need to do to get started. You are required to head to the Official Assignee's office to be briefed on your responsibilities as a bankrupt and to submit a Statement of Affairs recording your assets and liabilities to the Official Assignee within 21 days of the Bankruptcy Order. After, you and the officers of the Official Assignee will discuss your monthly contribution plan.

    2020.03.24 15:44

Please leave your knowledge and opinion!

Related Forums

Which of my assets can be part of my bankruptcy estate?

Which among my properties would b sold to the bankrupt estate and could I use it to pay off my target contributions?

What are the assets that are protected from being part of my bankrupt estate?

Would my future employers know if I ever filed for a bankruptcy in the past?

What are the benefits of filing for bankrutpcy?

Who would manage my bankruptcy estate and who decides my target contributions?

Related Reviews

A mobile app that allows you to manage your credit card account and payment services

The BOC SG eWallet is a new mobile app that allows you to manage your credit card account and payment service. You can use your BOC SG eWallet mobile app to bind/unbind your BOC Unionpay credit card for QR Code payments, QR transactions history tracking, etc.Both consumer-presented and merchant-presented QR scanning functions are available. Your transactions made via the mobile app is secured. For more details, you can click on “Security Tips

BOC SG eWallet / Bank of China

A robust application built with simplicity and fast payments in mind

Yoyo Wallet is a robust application built with simplicity and fast payments in mind. You connect your cards (debit and credit) or Apple Pay once and start using your smartphone to make payments. It allows you to keep all your financial detail in a centralized place, gain no additional wallet weight and take only your smartphone on your shopping experiences. The solution is ultra-secure; your financial details are stored by a trusted payment service provider and not in your smartphone or by Yoyo.

Yoyo Wallet / Yoyo Wallet

All conversion transactions cannot be reversed.

I transferred the wrong amount of KrisFlyer miles to KrisPay and could not reverse it. As the top up process into KrisPay account is only one-way, I was told I will not be able to process any reversal. Please ensure that the KrisFlyer miles or partner reward points you wish to transfer to KrisPay are correct before proceeding to confirm the top-up. All conversion transactions cannot be reversed.

KrisPay / Singapore Airlines

Convinence using the App to search for great deals nearby

FavePay is the new kid on the block somewhat, yet they’ve been growing aggressively. Fave Pay is now available not only in Singapore but also in Johor Bahru, Kuala Lumpur, Penang, Jakarta, Bali and other Malaysian and Indonesian locations.The main thing that sets FavePay apart from the rest is that they offer generous deals and cash back at many of the merchants on their list and you can even use the app to search for deals nearby. Rather than shopping and retail, Fave Pay is focused on dining and experiences, and their merchant selection reflects that

FavePay / Fave Group

No refunding from wallet if there is an error in the process of toping up an amount

This platform provides zero flexibility of refunding from wallet if there is an error in the process of toping up the amount. Been told by Customer service that the only way is to terminate the account and the refund will be credited after 2 weeks. The UI as well have to be clear at the home screen on which default payment mode are we on as I've been told that the payment mode might switch every time after updating the app

NETSPay / Electronic Transfers Singapore

Dash all the way from Singapore to Thailand

Singtel Dash is an e-wallet, so once you download the Singtel Dash app and log in, you can top up your dash account. It also works as a virtual visa account, so the account comes with its own unique 16-digit Dash Visa virtual account number and security code. Singtel Dash is can be used in Thailand in as well as in Singapore, making it more attractive to Singaporeans who frequently travel to Thailand. The app also lets you transfer money to another account, remit money overseas and, if you have an NFC-enabled phone, tap in and out of train and bus rides.

Dash / Telecom Equipment