Loans originating in the US for education are generally not discharged in bankruptcy. Not paying them is a good way to get your wages garnished or worse. I have no idea what recourse there might be from a loan through Singapore.
That being said, discharging debt in bankruptcy will haunt your credit for 7 years, or so I've heard. Being forced to not finance anything for 7 years is a decent way to save money if you've got a good paying job, I suppose, as you don't fall into the trap of only looking at the monthly payment without thinking of the total cost.
That being said, discharging debt in bankruptcy will haunt your credit for 7 years, or so I've heard. Being forced to not finance anything for 7 years is a decent way to save money if you've got a good paying job, I suppose, as you don't fall into the trap of only looking at the monthly payment without thinking of the total cost.