aboutfinancialplanning.net

  • Increase font size
  • Default font size
  • Decrease font size
Home

Citi launches books on personal finances, 20 May 2010

Thursday, 20 May 2010 00:00 Ginny Lim
E-mail Print PDF

Citibank has just launched a series of books on personal finance planning. The Managing Your Wealth titles are to address a range of key issues, from growing your money through investing, to preparing for retirement.

The books, written by journalists, academics and well-regarded financial figures in consultation with Citi specialists, are said to present information in a simple, easy-to-understand manner.

Available at major bookstores here at $12.95 each, the series of books are also available at libraries and can be viewed free as online e-books, but are not downloadable. The e-books can be found at www.citibank.com.sg/myw

Source: STI, 20 May 2010

Last Updated on Thursday, 17 June 2010 14:42  

Main Menu


Featured Articles


Newsflash

Bankruptcy May Now Be Prevented

With effect from 18th May 2009, if you are in debt of less than $100,000, bankruptcy may be avoided if Insolvency and Public Trustee’s Office (IPTO) approved your repayment plan over the next 3-5 years. Statistically, about 42% of the bankrupts declared each year owes less than $100,000. So with an average of 3,200 bankrupts per year, 1,300 of debtors will be considered for the new Debt Repayment Scheme (DRS) administered by IPTO.

This is good news for Singaporeans amid the current recession. DRS benefits both the debtors and creditors in its own ways. Debtors will be able to avoid the stigma of bankruptcy and continue his work without the disruption brought about by the bankruptcy act, as long as he is able to fulfil the repayment plan. Creditors will also get his debts repaid from the debtors, albeit over a longer period of time.

The debtors must cooperate with the Official Assignee (OA) of IPTO in the administration of the plan. The debtor can make his payment at any SingPost branch or SAM machine, which is being monitored by OA. Dishonesty, failure to cooperate with the OA or comply with the terms of the plan may result in the OA issuing a Certificate of Failure on the debtor in the DRS. Creditors may then proceed to initiate fresh bankruptcy proceedings against the debtor. OA will issue you the Letter of Completion if you complete all repayment in accordance of the approved DRS plan. And you are now out of debt without being made a bankrupt!