ipap
Sign up

Existing customer? Sign in

Bankruptcy

What is Bankruptcy and Why to Conduct the Bankruptcy Search

Bankruptcy is declared on a person when he is unable to repay the debts. Upon which a compromise with creditors is agreed and consequently bankruptcy is filed in court.

Bankruptcy Search

The whole intention of the bankruptcy process is to equitably allocate debtor’s assets among the creditor(s).

Why should you conduct bankruptcy search when investigating title of a property

If you don't, then you are more vulnerable to lose your investment. For persons that have been adjudicated as bankrupt, they can no longer deal in a sale, mortgage and such. The property would be vested in the creditor by the general division in the High Court.

So, it's critical to know if an individual is adjudicated as bankrupt. For those reasons, one should conduct bankruptcy searches on an individual.

And if you are a mortgage broker, conducting bankruptcy searches against the borrower should be a part of a lender’s security, which could impact on the mortgage otherwise.

Register at i-PAP today to conduct bankruptcy searches faster than ever before in a hassle-free way, without compromising accuracy of information and most importantly at a nominal subscription.

Relevant Topics

Legal Requisition
  • What is legal requisition all about?
  • Information that lawyers can fetch from legal requisition
  • Queries raised in legal requisition by lawyers
Caveat
  • Purpose of the caveat
  • How Caveat Search Helps Property Agents
  • Details needed to check for a caveat on a property
Bankruptcy
  • What is Bankruptcy And why to conduct the bankruptcy search?
  • Conduct Bankruptcy Search Before committing on Financial Transaction An Individual
  • Details needed to check for a caveat on a property
Anti Money Laundering
  • Money Laundering in Property Investment
  • Why Anti-Money Laundering Check Crucial
  • What happens if | fail to check AML?
BCA
  • Why Check If Your Building Complies BCA Standards
  • What singapore Homebuyers Should Look Out For Before Buying Property?
  • Details needed to check if your prospective property has got BCA
TOP and CSC
  • All about TOP and CSC
  • When a developer is granted CSC?
  • When a development qualifies for TOP?
Planning Decisions Information
  • Buying a property planning decisions information
  • Does planning decisions information an a property for sale add to its value?
  • Details needed to check if your prospective property has complies with planning decisions information
Corporate Information
  • How can I get company details in Singapore?
  • Importance of choosing a reliable partner
  • Details needed to verify if a company is registered in Singapore

Newsletter

Signup for newsletter to never miss a update