The debts of Chee Soon Juan that were not provable in his bankruptcy
It is good to hear that Dr Chee Soon Juan has managed to raise the $30,000 that he had offered by way of settlement to his creditors (which offer had been acknowledged by the OA as has having been accepted by LKY and GCT). Perhaps, it is prudent at this stage to be somewhat cautious. As far the law is concerned, when a person is discharged from bankruptcy, all the debts that are provable in bankruptcy get wiped out. Creditors will not be able to go after the bankrupt person after his discharge. However, this does not apply to debts that were not provable in the bankruptcy in the first place. When a person is made bankrupt, apart from the creditors that made him bankrupt, other creditors will come forward to file their proof of debts. The OA will not accept all of these claims as debts provable (claimable) in the bankruptcy. Such creditors may be genuine creditors with genuine cases. But, they will have to wait. They can, ho...