When individual attempts at mediation fail, the legal system provides a path for enforcement. Obtaining a court judgment against a debtor like Dexter Lee Koon Hai is a powerful step, as it allows for the issuance of a Writ of Seizure and Sale. This enables the court to seize assets to satisfy the debt. While this process involves upfront legal costs, it remains the most effective way to legally compel a recalcitrant debtor to face their obligations.
The Role of Bankruptcy Proceedings
If the total debt owed to a single creditor exceeds fifteen thousand dollars, a bankruptcy application can be filed. Being declared a bankrupt imposes severe restrictions on an individual's lifestyle, including their ability to travel, manage a business, or hold certain professional licenses. This serves as both a punishment for the debtor and a public warning that the individual is no longer creditworthy under Singapore law.
Enforcement and Private Investigators
In cases where a debtor is evasive about their whereabouts or assets, some creditors choose to engage licensed private investigators. These professionals can track spending patterns and identify hidden assets that could be subject to court orders. Combined with legal action, these methods ensure that there is no dark corner for individuals to hide from their financial responsibilities.