Have you lent a sum of money to a friend or relative through an IOU but have yet to receive the money back? Or have you provided a business service or goods to a client and they have yet to make the payment. You have asked and asked but all to no avail. What will you do next? This article will aim to help you out if you are ever in this situation.
Recovering Money From People Read More »
It is no wonder that personal debt is on the rise, with Singapore once again being crowned the most expensive city in the world for seven years straight. The mean average debt of a Singaporean household is about S$55,000 as banks see more people taking out loans to fund hefty purchases like cars, houses or university education. However, a problematic debt arises when consumers struggle to make repayments. If you find yourself in a situation with a debtor who keeps making delayed payments or is unable to make repayments, the lawyers at Lions Chambers LLC can assist you in exploring available options.
Debt Collectors in Singapore Read More »
The whole purpose of incorporating a company is to create a new legal entity – if the company owes money or found liable for something, only the company’s assets may be tapped into to repay the debt or pay damages, not the directors’ assets.
However, as shown below, some circumstances exist where you can make a company director personally liable for a company’s debts:
Can you sue a company director for a company’s debts? Read More »
Being the target of spiteful comments on the media is hurtful and infuriating. The spotlight is on you, and your reputation is on the line. It’s especially frightening and harmful if what’s said about you is untrue. There are laws in Singapore that protect you from such disrespect. But first, how does the law define defamation?
Is Someone Throwing Dirt on Your Name? How to Deal with Defamation? Read More »