Middleman to contact all the person in debt

You need to understand what garnishment means and how it works. The creditors won your case and the court orders your employer to withhold a part of your paycheck. Next is to know your right in this situation. Your employer can not just take money from your salary. Follow all the process and pay your debt to lessen your problems.

Singapore is a small country that is also progressive when it comes to the economy. There are many people who are handicapped at the same time working. Even they are handicapped, they are also given taxes. Remember that even when you but food and other things, tax is applied. Those who are PWD's can get discounts, still depending on the stores' policy

When you are loaning at the banks, they break you down the percentage of how much you will loan and how much interest will be added to it. For example, when you are loaning for a car, it can take up to seven years of payment with 12% interest. Of course you are acquiring a product and every product have its taxes. When you loan to other companies the interest rate is different from the bank.

A debtor can voluntarily file for bankruptcy in Singapore if they owe and cannot repay debts of at least S$15,000. If the debtor is declared bankrupt, their assets will be sold and the proceeds put into a bankruptcy estate. This excludes any assets that are protected from bankruptcy, such as HDB flats.

To be honest, if this was reported, the both of you will face aproblem; The taxpayer for being dishonest and asking for more which is basically used the victims disadvantage at the situation while the victim for having outdated record book. It can actually be the cause for the possible forced shutdown of the company.

Singapore follows a progressive resident tax rate starting at 0% and ending at 22% above S$320,000. There is no capital gain or inheritance tax. Individuals are taxed only on the income earned in Singapore. The income earned by individuals while working overseas is not subject to taxation barring a few exceptions. If the company is not doing the right tax deduction you can report them to the IRAS.