He finally signed the agreement of indebtedness at 10.30am this morning. And made
his first repayment via TT. I was so worried that
he wouldn't turn up that I didn't sleep well the previous night. I even dreamt of
him and woke up at 4.00am.
It's a great first step accomplished. I know it's crazy to have a 5.5 years repayment period, allowing
him to repay only $1,000 every month and $11,000 every March of each year. I have made a huge compromise and I know the risks involved.
He may run away, to a country where
he's not bounded by Singapore laws;
he may get sued by other banks for bankruptcy; and if
he really gets sued, I will have to cough back all that
he has paid me so far so that the court can settle
his debts in the legal way; I may need my money back urgently for whatever purposes who knows what will happen in future... the list goes on.
Why didn't I initiate the legal proceedings against
him? A few main reasons...
he basically can't pay. I know
he's a professional conman --
he basically lied about everything:
his age, occupation, including country of birth but...
he just can't pay.
He's still owing a lot of banks money though I'm the biggest creditor! The other is my lawyer. Always not around, slow to respond but quick to ask for money. How can I trust her to fight my case? And lastly, my mummy has recently asked me to help repay part of my brother's medical university loan. I have agreed. What's with helping my own family when I can loan out such a huge sum to a total stranger? If I were to proceed to start an action, I need to pay legal fees of at least $40,000 (all the way to bankrupting
him) and I will only get back $60,000? Meaning I will only eventually get back $20,000. Is it really worth it?
Anyhow, I know 5.5 years is really long but I will pray. Pray that
he will fulfill
his word. And finally for now, I can close this chapter and move on. Thank you my dear friends who have lent support during this stressful period, particularly the last 4 months. Thank you from my bottom of my heart! xoxo
My buddy asked me just now... Can I bring myself to forgive him? I can't answer this... I know it's the Lenten season now but I really can't bring myself to forgive him for that he had done. I guess I need more time...