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What is the difference between AKPK & Bankruptcy?

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asked on Oct 6, 2015 at 15:56
by   miserable
edited on Apr 3, 2017 at 06:36
 
Can anyone advise what is the difference between AKPK & Bankruptcy?
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answered on Apr 22, 2017 at 21:15
by   Jessica
edited Feb 20, 2018 at 02:46
 
@mike, means in future if I want to buy a Second house and need to borrow loan from bank is not going to be easy? 
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answered on Jun 10, 2017 at 23:55
by   Bernie
edited Feb 20, 2018 at 02:47
 
I understand that going into AKPK will have all personal credit cards cancelled, but what about corporate charge card?

My company is the one who is making payment for all the charges incurred using the card. And I cannot afford to lose this card as I do really heavy travelling for business overseas.

Looking forward to some advise!
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answered on Jun 11, 2017 at 00:32
by   Rebecca
edited Feb 20, 2018 at 02:48
 
What is the difference between credit and charge card?
AKPK for credit debts only.
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answered on Jan 27, 2018 at 16:20
by   Lawrence
edited Feb 20, 2018 at 02:49
 
May I know how much interest charge for AKPK?
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answered on Oct 7, 2018 at 16:54
by   nini
edited Oct 16, 2018 at 05:30
 
For someone who enrolled in AKPK programme, how many months does AKPK allow a person should he fail to pay the monthly installment for a month or 2 but still want to continue with the programme? According to the AKPK's terms and conditions, does it mean he still have a chance to continue with the programme but that will be decided by AKPK?
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answered on Oct 7, 2018 at 19:43
by   jeff005
@ nini

You can only miss 1 default payment.
Once it touches the 2nd month default (60 days), any bank can terminate it (not AKPK).
Once one bank terminates, the whole DMP collapses.
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