Having gone through pregnancy and childcare with my first child, I understand the high demand for these products among mothers. I thought investing in this business would guarantee a profit, or at least break even.

However, the reality is that many other stores have opened, competing not only on price but also on quality and brand reputation. Now, I'm approaching my debt repayment deadline and facing significant losses.

I'm considering withdrawing my social security lump sum to partially repay the debt, and then decide whether to continue the business. However, I've heard rumors that after 1/7/2025, lump-sum social security withdrawals will no longer be allowed.

Could you please clarify if this information is accurate so I can plan accordingly? Thank you.

Reader Thao Nguyen

>> Legal advice from Master of Laws Nguyen Truc Anh