Advertisement

Need help with fighting banks to avoid bankruptcy

1802 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 »

answered on Apr 12, 2017 at 04:23
by   kiki
 So, dun let the bill collector catch you working via your EPF and Socso contributions. 

Following are excerpts from Jabatan Kebajikan Masyarakat with regards to defination of an OKU.

Definition
Handicapped (OKU) is a person with disabilities in terms of long-term physical, mental, intellectual or sensory when faced with various barriers may not be able to participate fully and effectively in society
Jeff, while i agree with your statement...

'' Financial Laws still require them to make an application to make you a bankrupt.''

But not this ..

'' Living in aircond rooms and driving cars is a no no. ''

OKU has also right to employment.

6. EMPLOYMENT
• Open up more job opportunities and encourage employment of disabled people in all sectors of employment.
• Encourage disabled people to self-employed and self-reliance.
Policy Statement
OKU Policy forms the basis of rights equality and opportunities for disabled people to participate fully in society. This also gave importance to the rights of humanity such as glory, honor and freedom to enable them to live independently.
0 found this helpful
Helpful

answered on Apr 13, 2017 at 20:08
by   Freya
http://www.pressreader.com/malaysia/the-star-malaysia/20170330/281586650434498
0 found this helpful
Helpful

answered on Apr 14, 2017 at 15:01
by   Freya
Hi All,

I need help, Debt collector came to my office yesterday when I was on MC, must be the same one who pretended to be from Hong Leong Bank who called last time (when I was on MC too!).

The person left a card, you know the typical DC pink card, asking me to call back.
What should I do now?

Thanks.
0 found this helpful
Helpful

answered on Apr 14, 2017 at 15:37
by   debtssolusi
For your high debts
Surrender to JIM
0 found this helpful
Helpful

answered on Apr 24, 2017 at 04:18
by   Enquirer2017
Hi freya, what is your situation now? Any updates?
0 found this helpful
Helpful

answered on May 4, 2017 at 04:00
by   Thomas josh
Mental illness I thought cannot be charged bankrupt
0 found this helpful
Helpful

answered on May 16, 2017 at 19:58
by   Freya
edited May 16, 2017 at 22:08
by   Freya
@Enquirer2017, thanks for asking.  Nothing much happening, except for the inhumane UOB happily charging interest every month.

@Thomas Josh,   

I believe you are talking about mental OKU?
Anyway I still need to ask, by saying mental illness, do you or your friend has a valid OKU card?

The new rules only say discharge of certain group of people, for eg, OKU, old ages, easier.

It didn't say having a OKU card = vaccination against bankruptcy.

Hey BANK-BANK, banks, come here, I want to ask you questions:

Under the new bankruptcy Bill
Item 8: The following list of individuals will also be afforded protection where creditors cannot object to the discharge of the bankruptcy. The individuals are social guarantor, a bankrupt with disability under the Person with Disabilities Act 2008, a deceased bankrupt, and a bankrupt suffering from serious illness.

What is your plan B against this group of people now?

@debtssolusi
For your high debts, Surrender to JIM .  
@debtssolusi, WHO ARE YOU? 

Hayley for Freya.
 
0 found this helpful
Helpful

answered on May 21, 2017 at 22:14
by   Freya
Hayley,

Thanks for replying for me, and chill man chill ..... 

But I do like the "Hey Bank-bank, come here, I want to ask you questions:
If I were you I will put it "Bank ah Bank, Lai Lai Lai, Ling pek ai mui lu questions ....... "

So who is debtssolusi?
0 found this helpful
Helpful

answered on May 21, 2017 at 22:22
by   Freya
And when is The New Bankruptcy Bill officially take effect le?
0 found this helpful
Helpful

answered on May 22, 2017 at 03:55
by   Freya
edited May 22, 2017 at 03:56
by   Freya
To all the sifu sifu up there, do you think I should go In and come out? Just to stop everything? 
0 found this helpful
Helpful


« Previous   1   2   3   4   Next »

Your Answer





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