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Hi, my husband and I own a HDB flat and we have paid our house in full amount via our CPF. However, he is a PR holder and is currently sued by banks for bankruptcy. Will my HDB flat be seized by the creditors? What happened if his PR holder expires and still an undischarged bankruptcy statues. Will the banks seize my HDB Flat? What should I do? Please advice, thank you.
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1 Answer

Mike Lim
Replied
Afternoon,

As of the current ruling, creditors are not able to liquidate your HDB unit to repay the outstanding loan. He will likely be placed under some repayment scheme to clear the debts.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
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