On The Brink
Found out some disturbing news, tonight. My brother may be declared a bankrupt soon - and a financial avalanche may follow soon. And the knock-on effects could hurt others in the family, too.
Not that it was surprising. He was always the sort to have one dollar, borrow four dollars and spend six dollars. In his business or in his life, he was always the sort to care, whether his peers thought he was doing well. And he lived that lifestyle in excess, even when it geared on a stack of debts.
Well, it has caught up with him and the avalanche is inevitable. To the amount of a few million Ringgit. And his liabilities exceed his assets 2:1.
Tonight, we had to make a decision to sell the pesaka house at the current price which were offered by some buyers, even though it's a good RM100K lower than even the "lower than fair price" which we quoted.
It's too late to save him. He's going to have to face the music. But we could try to save some of the others, who would be affected.
I'm sad for him. I'm also angry at him - for the years when he never listened. I'm embarrassed for the money trouble he's in, with some of our relatives. But in some ways I'm glad that Mum did not live to witness this.
But he's still family. Blood is still thicker than water and we've proven that again tonight, by sacrificing all our portions - to pay for his recklessness.
I pray that you will be well, Abang. This lesson is harsh, but it will mean nothing if you refuse to look in the mirror.
But the lessons are there, for current and future generations of this family. Ukur baju di badan sendiri.
Never forget that.
Not that it was surprising. He was always the sort to have one dollar, borrow four dollars and spend six dollars. In his business or in his life, he was always the sort to care, whether his peers thought he was doing well. And he lived that lifestyle in excess, even when it geared on a stack of debts.
Well, it has caught up with him and the avalanche is inevitable. To the amount of a few million Ringgit. And his liabilities exceed his assets 2:1.
Tonight, we had to make a decision to sell the pesaka house at the current price which were offered by some buyers, even though it's a good RM100K lower than even the "lower than fair price" which we quoted.
It's too late to save him. He's going to have to face the music. But we could try to save some of the others, who would be affected.
I'm sad for him. I'm also angry at him - for the years when he never listened. I'm embarrassed for the money trouble he's in, with some of our relatives. But in some ways I'm glad that Mum did not live to witness this.
But he's still family. Blood is still thicker than water and we've proven that again tonight, by sacrificing all our portions - to pay for his recklessness.
I pray that you will be well, Abang. This lesson is harsh, but it will mean nothing if you refuse to look in the mirror.
But the lessons are there, for current and future generations of this family. Ukur baju di badan sendiri.
Never forget that.
posted by Stingrayz | 8:30 AM
5 Comments:
pseudonym0us:
No better or no worse than the next chap, bro'.
But things happen and one must adapt - and hopefully, one day, come to a point of forgiveness.
Btw, I like your blog template. ;) And good luck with SHE - even if you're not pursuing it. :)
well.. he's been rescued again..
will he learn?
Lauryn:
I don't know. I really don't. Old dogs are hard to teach.
Thinktankgal:
You're right, of course.
And yes, this is the final one - after this, there is nothing else we can do to help him. Seriously.
Wow, that's a tough one for the family to shoulder. Hope you guys get through it relatively unscathed, and hope he learns this lesson well.
But somehow these days, people are not as afraid or ashamed of bancruptcy anymore. A bancrupt can still live a normal moderate life, and after five years, may apply to the Official Assignee for a discharge.
Jie:
Yes, this is tough on the family.
I'm beginning to understand why people say to forgive is divine, - because perhaps, our human limits of forgiveness, would fall so far short, without our belief in God and religion.
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