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28-10-2023, 06:43 AM
HDB is judgement proof..that means even if yr co owner passed away, U the bankruptcy now fully own the flat, the credicator also cannot force u to sell the flat to pay them according to what i ask for him with the ministry of law. Even the high court also got no power to force u to sell and recover the debt for creditor.
Lukcy our govt smart to have this protected, otherwise many bankrupt and their family will be homeless..
Unless it is a pte property held by both husband n wife, so when one dies the other will be force to sell and pay creditor.
But as to career of his children affected by this, that i do not know.. got to ask HR of any coy,. but i am retire, HR know this better.
But i still dont htink it will effect the kid careerr, otherwise those drug trafficker or rapist children will be sack from their job is ridiculous. How can the kid be punish for the father mistake, They are 2 different entity, isnt it???
Lukcy our govt smart to have this protected, otherwise many bankrupt and their family will be homeless..
Unless it is a pte property held by both husband n wife, so when one dies the other will be force to sell and pay creditor.
But as to career of his children affected by this, that i do not know.. got to ask HR of any coy,. but i am retire, HR know this better.
But i still dont htink it will effect the kid careerr, otherwise those drug trafficker or rapist children will be sack from their job is ridiculous. How can the kid be punish for the father mistake, They are 2 different entity, isnt it???
