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Bankruptcy Notice..Maybank block/freeze account.

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asked on Feb 25, 2010 at 17:35
by   sli2009
Dear all forumers,

i just realize recently my maybank account has been blocked/freeze. upon checking with them, they said, they saw a bankruptcy notice against me published in the news paper..so..they blocked my account. so, right now i cannot withdraw my salary and pay my other financial obligation even my maybank credit card..stupid maybank. i have called their so-called liabilities/legal department and sought clarification. i've argued that there is no legal right for the banks to block/freeze somebody account unless there is a court order to confirm that the person is a bankrupt. they said, it is under 1 clause in bankruptcy act allows then to do that. anybody aware of this??? if maybank do this, they will not resolve the problem as their credit card also, i cannot pay...

any experience from you guys out there? what should i do now? appreciate advise from you all. Thanks.
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answered on Feb 25, 2010 at 17:53
by   notalawyer
Seems like maybank is the only bank doing this. ( freezing people's account before they are adjudged a bankrupt )
Call them again and ask them for the exact Section Number in Bankruptcy Act.

If they cannot give you the section number, send them a Letter of Demand.

Next month, ask your employer to pay you by cash. This is your right under Employment Act.
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answered on Feb 26, 2010 at 03:17
by   Pening
Its happen to me too. I'm only declare as bankrupt on Apr' 2004 but this stupid maybank already freeze my account on Feb'2003 when the saw advertisment in The sun. Luckily my balance only RM260 only. Then on Jan this year when I'm check the account status, they told me my acccount has been closed. So where is my RM260 gone??? They ask me to check wt the branch that I'm open account.
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answered on Mar 2, 2010 at 20:31
by   sli2009
thank to you all for the reply/advise..apreciate it.
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answered on Mar 9, 2010 at 18:13
by   judgedred
i too just like you sir.Bankruptcy(though it wasn't fault at my end and so much to argue to PNS but no money to engage lawyer)  thus, recently notice appear in paper and MBB freezed and blocked account.
And finding jobs were almost impossible for me even though i graduated in Accountancy Diploma.It is either too qualified or too old or not enough degree qualification.Or it was for chinese only.Almost all job agencies have my name enlisted only jobs never came.

All I wanted to do is to pay my HL loan on our lowest cost house in Malaysia, so happen to be an MBB account.
i could not.
Despite that i am jobless,so's the wife. We live our live in such poverty "kais pagi makan pagi" sort and got some money not much but some money to pay. We are accustomed to eat just rice and salt and if a little 'rezeki' sometimes eggs and ikan bilis once in a while.


We scratch hard to make sure that we could pay our house loan every month. Now, we could not even do that.I think Maybank were more interested in taking our only house now.so where and how are we going to live our life with our three children now?
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answered on Mar 10, 2010 at 03:28
by   Pening
Hi Judgedred,

I'm also like you when this stupid MBB frozen my account. I'm resigned from job coz my salary through MBB and not working for 5 years. Only in 2008 I'm got brave to find job and luckly get better offer and recently I'm join new co which is salary pay through MBB. I'm going to JIM after join this forum and open MBB acc wt JIM letter. Anyhow I wish you good luck and don't give up for life. I'm now planning to pay my debt in lump sum amount since 2 years earning working.
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answered on Mar 10, 2010 at 23:05
by   sli2009
TQ all for comments on this issues.

maybank credit card call me..asking about the credit card instalment. i said..your boss bloc my account...how can i withdraw my money to pay u..they speechless...

my public account still oke...even cimb acc.

right now, my co. pay my salary via cash cheque..luckily the ceo/hr very understandable. still working out to resolve the loan with party that initiate bankruptcy notice to me.

worst case scenario, if kenot resolve..i become bankrupt..i will go to see JIM and apply to open dedicated bank account for salary purposes.
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answered on Mar 11, 2010 at 01:00
by   romeo
Some people allow themselves to become bankrupt for 1 or 2 years first so they can ask for 50% discount on the debt.
This works if you have no assets like car or house.
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answered on Mar 12, 2010 at 15:03
by   POOJA
Happen to me too.MBB freezed my account because of there was bankruptcy notice form AMBank publised in NST.Lodge report thru Jabatan Perdana Menteri and enrolled AKPK program.After Maybank received letter from Jabatan Perdana Menteri they unfreezed my account.Bank Negara allowed Maybank to do this.
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answered on May 25, 2011 at 01:47
by   lilaccarnation
It's happening to me as well...Im working as a contract teacher and my contract ended on Oct 2010 and since then i couldn't pay the minimum amount for my credit card.However, in Feb 2011 my contract has been renewed and i get my salary for four months (lump sum 8k++)through maybank account....the problem is,i cant do anything with my account,not even to pay the credit card...Can somebody advise me what to do?Please help coz im depending on this salary to pay my other obligations....
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answered on May 25, 2011 at 03:28
by   lilaccarnation
Can somebody please answer me...?????Please.........
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