SDP leader Chee Soon Juan's bankruptcy annulled

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http://www.todayonline.com/Singapore/EDC121121-0000128/SDP-leader-Chee-Soon-Juans-bankruptcy-annulled

The Government says Singapore opposition leader Chee Soon Juan's bankruptcy has been annulled after an unprecedented concession by two former prime ministers to whom he owed about $400,000.

A government office statement says ex-prime ministers Lee Kuan Yew and Goh Chok Tong agreed to accept a reduced amount of S$30,000 from Mr Chee, which will free him from bankruptcy proceedings formally on Friday.

Singapore Democratic Party leader was declared a bankrupt in 2006 after he failed to pay S$500,000 in court-ordered damages to Mr Lee and Mr Goh. The two had sued him for defamation for comments he made against them during the 2001 general elections.

Mr Chee will now be able to travel outside the country freely and also contest the next elections, which are due in 2016.