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From my understanding, under the bankruptcy act, you will be able to keep the profits after the sale of the HDB flat. However, the sale proceeds will be in the form of a Cashier's Order issued to your name and therefore you will need to inform the OA if you need to open a bank account. Read More

HI, you will need to check with the OA on the process of this case.

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Landon Chew
97 39 60 40
landonchew@email.com Read More

Hi,
I would suggest you talk to the Official Assignee in your bankruptcy case as they are the ones who will handle any monies coming to you.

I would suggest not to sell your HDB flat as this cannot be touched by anyone in the case of bankruptcies. Do consult your lawyer also on your case.

Please contact me so that I can be of further assistance.
Cheers!

Elan Govan
MABA (Lancaster)
 90170747 
jayelan@gmail.com
www.goodpropertiesguide.com Read More

Hi Sir,

I have personally handled many cases of bankruptcy HDB sale before and will be happy to assist you. My clients who are bankrupt is able to let the spouse have the full sale proceeds of the sale.

Please contact me privately so that I can give you an overview of the process and highlight to you the important issues that you will need to take note of during the process.

Regards,
Nick Tan
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Judy Rong (Seller) Dec 2023 Read More

Good day to you,

Under the Bankruptcy Act, upon the completion of the sale on your unit, based on the manner of holding, your spouse and your Official Assignee will be issue the spilt of the cash proceed, if it is a positive sales. Your Official Assignee will then allocate the funds accordingly, towards the debt settlement. The process of purely selling and downgrading are different.

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Regards
Mike Lim
 96929209 
R026078F
m52i@yahoo.com
ERA Read More

Hi,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead. By the way, for bankruptcy cases it is advisable to go for a private law firm as they could issue a single cheque just solely on your wife’s name. I personally handled a few such cases and am happy to assist you too if needed.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi Sir,

Yes, this is possible. You may wish to check with your Official Assignee on this.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile +65 97 48 63 05. I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
+65 97 48 63 05
PropNex Realty Read More

Consult with Official Assignee:
Approval: Consult your Official Assignee for guidance on handling the proceeds and to ensure compliance with bankruptcy regulations.
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Hi

It will be good to check with the Official Assignee on this first. Depending on the circumstances of your scenario, your wife may be able to bank in all the proceeds of the sale.

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 homeowners transit smoothly with their housing plans. Please reach out to me at 97432395  for a more in-depth discussion :)

May I have more info on your requirements so as to make better recommendations? Thanks and looking forward to chat more

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