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Adjudication Order Receiving (AO/RO)
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asked on Sep 5, 2012 at 13:07
by   JOE 72
I did not turn up for a bankruptcy hearing & was told that RO is out on me. What does that actually means? What is the next action? Am I already a bankruptcy? Will my bank account be closed? I have a car fully paid car under my name, will that be taken away as well? I really do need advised. I feel like end of the world. HELPPPPP!!
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answered on Sep 5, 2012 at 14:27
by   vkpc
I did not turn up for a bankruptcy hearing & was told that RO is out on me. What does that actually means?
Yes, you are now officially a bankrupt.

Will my bank account be closed?
All your personal bank accounts will be closed within 3-6 months.
Joint Accounts may take a few years before they are closed.
Company accounts are not affected.

I have a car fully paid car under my name, will that be taken away as well?
If you report to JIM, the car may be sold if the value is over 10k.
If you don't report to JIM, you can use the car for a few more years.
If the value of the car is less than 5k, you will be allowed to keep it.
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answered on Sep 5, 2012 at 15:59
by   JOE 72
Can I sell of the car? Between 3-6 months can I still settle wt the bank? Is it true that JIM will call for interview on how much u need to pay? And if you default the agreed payment then only they will freez your account & pasport? pls advise
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answered on Sep 5, 2012 at 16:21
by   vkpc
Can I sell of the car? Depends on how fast JPJ's database is updated about your new status.
Between 3-6 months can I still settle wt the bank? No. Paying the bank now will be an offence.
Is it true that JIM will call for interview on how much u need to pay? And if you default the agreed payment then only they will freeze your account & pasport? pls advise
Passport and account will be frozen in very near future.  Not related to interview or payment.
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answered on Sep 5, 2012 at 17:00
by   JOE 72
Lawyer that is handling this case was telling me that JIM is linean nowadays. If you default the agreed payment (interview) then only JIM will freez ur account & JIM only seez property n not car. Is it true? I am so puzzle. The car is the only transport I have. Do afvise.
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answered on Sep 5, 2012 at 19:05
by   vkpc
Don't believe what lawyers say.
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answered on Sep 7, 2012 at 10:22
by   JOE72
RO is already out on me but after checking with JIM, my name is not in the system. Can I still change ownershipn of my car? Can JIM still can traceback and seez the car eventho the ownership has change? Pls advise.
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answered on Sep 7, 2012 at 10:54
by   vkpc
RO is already out on me but after checking with JIM, my name is not in the system
I told you it would take 3-6 months.

Can I still change ownership of my car? Can JIM still can traceback and take the car eventho the ownership has change?
Sell to somebody you don't know.
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answered on Sep 7, 2012 at 12:57
by   guarantor
i did the same thing before, knowing that my lawyer fumble in his job when defending me. not only the cars.anything where yr name is in,GET OUT quickly.
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answered on Sep 8, 2012 at 10:45
by   Smiley
Bankruptcy is not end of your life! But please listen to vkpc advises. He is RIGHT!!! Get out all the belongings under your name before they take action. If your car's value above RM10K, quickly sell to somebody, otherwise they will take your car for their auction. Act fast and smart !! We all here almost went thru the problem that you are facing now.
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answered on Sep 11, 2012 at 11:35
by   JOE 72
I know that once RO is out Im officially a bankrupt but is there any way that I can revoke the order? Maybe thru the bank, JIM or the court? Can I still talk to the bank or any other way what so ever? Maybe come with some settlement. I really need advise coz its affecting my marriage & really dont want to end up wt a divorce. VKPC/anyone please advise me. Any other means?
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