Dr Chee Soon Juan will have his bankruptcy annulled if he can come out with $30,000 from book sales or donations. There can finally be closure for the SDP sec-gen in this case that began in 2001 when the SDP leader shouted at then PM Goh Chok Tong during the 2001 GE, about money lent to Indonesia. According to the PAP lawyers, Dr Chee had questioned their integrity during the hustings, and was thus sued for defamation.
As he lost, Dr Chee owed former PM Goh and former PM Lee $500,000 in damages ($200,000 to Singapore's first PM and $300,000 to the country's second PM) Recently, Dr Chee had made an offer of $30,000 instead to move on and the two former PMs accepted it. This paves the way for Dr Chee to stand in the next GE, assuming that he does not give the PAP another opportunity for him to be sued for defamation.
This is a surprising new twist to the plot as Dr Chee probably did not expect the PAP stalwarts to accept his offer. If he knew that it would have been so easy, he might have dangled it before GE 2011 so that there was a chance he could compete in that, in retrospect, watershed election. Furthermore, if the PAP had rejected his offer of composition then, he and SDP could have easily depicted it as PAP fearing to fairly face Dr Chee as a candidate during the GE.
Can $30,000 be Raised Easily and Quickly?
As it is, if Dr Chee can raise his $30,000, it would show that SDP still has some support left despite its the rise of WP as the leading opposition party. The reverse is also true. If Dr Chee takes too long to find the funds, it would mean he and his party are not popular enough.