Advertisement

Need help with fighting banks to avoid bankruptcy

1567 Views  ⚫  Asked 1 Year Ago
asked on Mar 23, 2017 at 00:42
by   Freya
To all fighters in the forum, I need help!

I am another debtor who owe banks too much money and might get notice of bankruptcy soon.

My aim?  

About me:
Age: Turning 42 this year (jobless in 2012, 2013, working in 2014, worked for 2 months in 2015 and current job started end Oct 2016), now having a job is the reason why I am concerned about my financial crisis/status.

Total debts: ~ RM435,000 (snowball since 2013)
Breakdown of debts (as at 14/Mar/2017):
Stand Chart: RM143,800 (interest stopped after I emailed them all my medical report)
Citibank: RM37,112.92
CIMB: RM16,245.52
UOB: RM131,443.65
OCBC: RM75,000++
HSBC: RM27,169.52 (interest stopped)
HLB: RM101,100.18 

Legal status (as in ccris report dated 14/Mar/2017): 
Citibank: Three Judgement Order (only received one court summon though!!)
OCBC: Summon/Writ files (but didn't receive any summon from them!!!)
HLB: Judgement order (didn't receive any summon from them too!!)
UOB: received court summon, but legal status is clear in ccris report.

As for the date of the Judgement order/Summon, the ccris report a bit cacat, I can't see the year, the last digit is missing, for eg: Date Status Updated = 12/07/201 ??? (truncated because printer issue I think).
For this issue, can I call the banks to ask for the exact date?

Went to AKPK recently and they proposed a monthly instalment of RM3500 for the first 2 years, according to the counselor, all banks refused to waive interest or discount even though he proposed, this I don't really believe, don't tell me, out of 7 banks, not even one bank is willing to give RM1000 waiver/discount?
So my journey of fighting officially starts today.

I would like to get the exact date of the writ/judgement order, should I call the banks up?

I am prepared to fight, I am still reading up threads, William Chan's book, "how to represent yourself in court to fight banks" as well as bankruptcy act 1967, posting my issue here as you guys are more knowledgeable, experienced and can give better advice faster as what I can absorb from the threads and books are limited in some sense. 
0 had this question
Me Too
0 favorites
Favorite
[ share ]
40 Answers
« Previous   1   2   3   4   Next »  Last »

answered on Mar 24, 2017 at 17:07
by   Freya
@kiki, 

The one with Penghakiman Ingkar = Citibank which I owe rm37+.

Can't see the year of JID, the last digit of the year kena truncated in ccris report.

I tried to get ctos report online, it requires me send my ic to them via email which I was not comfortable with, kiki, is this a normal practice? 
0 found this helpful
Helpful

answered on Mar 24, 2017 at 17:15
by   Freya
@kiki, 

The one with Penghakiman Ingkar = Citibank which I owe rm37+.

Can't see the year of JID, the last digit of the year kena truncated in ccris report.

I tried to get ctos report online, it requires me send my ic to them via email which I was not comfortable with, kiki, is this a normal practice? 

Another question, my status with Citibank is JID, can other bank sees this? 
A friend of mine told me other bank can see this status but won't be able to see with which bank, is this true? 
0 found this helpful
Helpful

answered on Mar 24, 2017 at 17:34
by   Freya
It looks like I'm idle at the moment, any action I should take or "wait" and see how? 
0 found this helpful
Helpful

answered on Mar 24, 2017 at 17:44
by   Freya
Sorry, things I need to do now:

As per vkpc
Write formal letter to OCBC and HLB lawyers asking for a copy of the Writ Summons and Judgement.  Post the draft letter here.

As per kiki, 
Get a copy of ctos
0 found this helpful
Helpful

answered on Mar 24, 2017 at 23:26
by   kiki
Another question, my status with Citibank is JID, can other bank sees this?  
Of course they can see it, just like they do when one is applying for any facility from them.

Please bear in mind that you have so many creditors and it only takes one of them to file a bankruptcy against you and the rest need not do so, they would only need to submit Proof of Debt (POD) to JIM.
0 found this helpful
Helpful

answered on Mar 25, 2017 at 02:53
by   Freya
@kiki

Could they be like "waiting for each other", and see who is willing to pay for the legal fee to file first?
0 found this helpful
Helpful

answered on Mar 25, 2017 at 03:18
by   jeff005
edited Mar 25, 2017 at 03:37
by   jeff005
1. Any authorized litigation officer sitting at his workstation, just log on to BNM and search for yr name and ic no. Any judgement order from specific bank and date will appear. Except the amount.

2. Writing to banks now may trigger some drastic response. Let sleeping dogs lie. U cherish a pack of wolves breathing down yr neck? By writing u hv acknowledged yr fear. Banks loves u to fear them. A simple solution is just go to the courts and extract from there.

3. Yr debts portfolio is too large to play waiting games for specific bank.
0 found this helpful
Helpful

answered on Mar 25, 2017 at 18:11
by   kiki
I tried to get ctos report online, it requires me send my ic to them via email which I was not comfortable with, kiki, is this a normal practice?
Almost all the banks in the country have your ic number and you are now not comfortable giving it to CTOS?

A simple solution is just go to the courts and extract from there. 
Yes, If you have received a summon before then there are court case number written in it.
Use that number to extract the document from the court.

@kiki 

Could they be like "waiting for each other", and see who is willing to pay for the legal fee to file first?

Yes and No but wether they are  ''waiting for each other''  is immaterial. Are you not waiting?

At this stage do you know whether you are coming or going ?
0 found this helpful
Helpful

answered on Mar 28, 2017 at 16:32
by   Freya
@kiki

A simple solution is just go to the courts and extract from there.  
Yes, If you have received a summon before then there are court case number written in it. 
Use that number to extract the document from the court

OCBC and Hong Leong Bank writ and judgement were NOT to sent to me, the lawyers did it behind my back. 

If I go to court, can I retrieve the summon without the case no? 
Wait I think can, last year my mum I just received my divorce court order for me from the high court in my hometown.

But I wouldnt know which court to go.
Best still write to the lawyers and ask for a copy right. 
0 found this helpful
Helpful

answered on Mar 28, 2017 at 17:10
by   Freya
Sorry correction 
*just retrieved my divorce 

And @kiki

At this stage do you know whether you are coming or going ?
Meaning? 
0 found this helpful
Helpful


« Previous   1   2   3   4   Next »  Last »

Your Answer





By posting your answer, you agree to the privacy policy, cookie policy and terms of service.