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Clash with MDi: Unnoticed Bankruptcy

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asked on Sep 2, 2015 at 17:27
by   SKye
hi my nickname is SKye. i need ur legal opinions. thank you in advance.

i have 2 personal loans started 2010. i was away to Aus 12 months for work purpose then went back to Malaysia and work normally and pay normally.

1 loan (rm30k) already rescheduled and no problem.

another bank personal loan (rm90k) already filed me bankruptcy. i have arrears for 12 months. Dec 2014 - i am on nego to pay the arrears rm 25k.

2 days ago (27 aug 2015), my under instalment car has been repossessed due to offed bank account since april 2015.  accidentally i found out i was in bankruptcy in april 2015.

my car will be on auction, cimb acc is closed.

1) can i pay the arrears to the bank? because i still negotiating. i have money to pay the arrears?
2) do i have a chance not to meet MDi/JIM?
3) i need my car to go to work

tq guys
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10 Answers

answered on Sep 2, 2015 at 17:32
by   SKye
3) i need my car to go to work
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answered on Sep 2, 2015 at 18:06
by   Skye
why is my emoticon is smiling when i type (
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answered on Sep 2, 2015 at 18:10
by   kiki
accidentally i found out i was in bankruptcy in april 2015.

Since you are already bankrupt.
Stops paying anything to the bank.
Must report to JIM.

Still can work.
Try get a cheaper secondhand car for work purpose under friends or relative's name.
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answered on Sep 2, 2015 at 18:18
by   Skye
i heard MDi will cost you on legal fees..

i have money to settle..but im having doubts with MDi.
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answered on Sep 2, 2015 at 18:22
by   Skye
it seems like JIM had unclear ways to settle. and i havent got enough infos about JIM even i have went thru the website.
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answered on Sep 2, 2015 at 18:43
by   vkpc
i heard MDi will cost you on legal fees..
Don't listen to rumours.

i have money to settle..
It is too late to "settle" anything now.

can i pay the arrears to the bank? because i still negotiating. i have money to pay the arrears?
You can go to jail if you pay the bank when already bankrupt.

2) do i have a chance not to meet MDi/JIM?
You can also hide from JIM, a lot of people do that.

3) i need my car to go to work
You can get your gf to buy your car at the auction or get another cheap car.
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answered on Sep 2, 2015 at 19:19
by   SKye
tq for your supportive answers..

- is there any web/forum here for JIM related discussion? apart from the so-called informative website?

- usually how long that my car will be on auction?
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answered on Sep 2, 2015 at 19:43
by   jeff005
@ Skye

The senior forumers have answered your Q's.

There is no need to find anywhere else. The Best of the Best is already in front of yr screen the very moment you are reading this reply. All it takes is read backwards for the past 6 months and you can even answer your questions.. maybe even BETTER..!!
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answered on Sep 2, 2015 at 20:00
by   SKye
you know that when person on the verge of knows nothing about law, need some assistance and has little nervous.

please have a courtesy put someone fate in your shoes, bro.

6 month of discussion posts for me to go thru? and i cannot ask the seniors further Q?

okay this discussion forum is interest-oriented discussion. i probably get opinion from others.
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answered on Sep 2, 2015 at 20:46
by   jeff005
@ SKye

I do apologize if you take offense in advising you to read backwards.

What you have just asked is not even 2% of all the questions which bankrupts should be asking. If one do not read when even in a bankrupted situation, how to ask further Q's that can affect a bankrupt status more disastrous and entrenched into their lifestyle?

Hope my apology is accepted with grace

bYEbye
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