The Housing Development Corporation (HDC) has announced a major decision regarding outstanding debts owed by individuals and businesses. In a statement released today, the HDC emphasized that debtors must clear any unpaid amounts for commercial services, allocated properties, or properties under development by the end of November.
Clear Your Dues by November to Avoid Public Disclosure
HDC has urged all parties with outstanding balances to take this deadline seriously. The corporation is requesting that anyone who has not yet settled their debts do so promptly. The deadline for clearing all outstanding payments is the end of November.
Final Notice to Debtors
If payments are not made by the deadline, HDC will send out a final notice as a last warning to delinquent clients. This notice is expected to outline the total amounts owed and offer one final opportunity for debtors to settle their dues. However, HDC has made it clear that this will be the last chance before further action is taken.
Public Disclosure of Debtors
In the event that debts remain unpaid even after the final notice, HDC will take a bold step by publicly disclosing the names of those who owe money. According to the corporation, the names of debtors and the amounts owed will be published on their official website for the public to see.
Strengthening Financial Operations
This decision is part of HDC’s broader effort to strengthen its financial operations and ensure responsible payment behavior among clients. By publicly disclosing debtors, the corporation aims to improve transparency and prevent future defaults. The corporation has emphasized that this initiative is crucial for maintaining smooth operations and ensuring that all projects and services run efficiently.
For those with outstanding debts, the message is clear: settle your dues by November or face the consequences of public disclosure.
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