Forego the interest.
Before lending money to Boon Huat, it would better if Bernstein could ask him the reason for the loan.
After that Bernstein should have a discussion with his wife not only because Boon Huat is her brother, but also he should treat his wife like a member of the family. They should share their decisions.
If Boon Huat used the money correctly and at the same time Bernstein has cash to spare, he could lend him the money. Boon Huat lost the money on gambling, it is certainly not a good habit.
So, in my opinion, Bernstein should not lend money to Boon Huat. Bernstein can waive the interest and tell him to repay the principal amount. If he can't do it, Bernstein could extend the repayment date, because something is better than nothing.
I'm sure Bernstein is in a depression. He should visit a doctor.
--Contributed by Ida Fu.
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|Article Type:||Letter to the editor|
|Date:||Jun 1, 2009|
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