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Travel oversea sponsored by family members during 3 years bankruptcy period

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asked on Nov 30, 2018 at 17:12
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edited on Dec 18, 2018 at 16:26
 
Is there any possibilities to travel oversea if sponsored by families member for the trips? Will this travel reason be acceptable by Jabatan Insolvensi Malaysia (JIM) officer during 3 years bankruptcy life?

If not, kindly please advise if have to travel once a year with families during bankruptcy time, all advice would be appreciated.

Thank you.
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9 Answers

answered on Nov 30, 2018 at 19:03
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edited Dec 18, 2018 at 16:28
 
This is the third questions you have asked. Can you consolidate into one as a single User?

A bankrupt who has reported in to Jabatan Insolvensi Malaysia (JIM) for the CM (Case Management) can apply for travels out of Malaysia for:
a)  Working Overseas 
b)  Periodic Marketing /Business Trips
c)  Medical Treatment
d)  Casual Short term "Holiday"

Some of the terms and conditions:
e) Providence of a Guarantor (usually relatives)
f)  Pay "Travel Tax" RM3,000/per country visited
g)  Pay 3-6 months advance monthly payments to JIM
h)  A Security Deposit (Refundable)

For (a) & (b) above, the validity of the travel is 1 year (renewable)
For (c) & (d) is one time. Case to case basis.

Do inform your Guarantor that if the Bankrupt does not come back, the Guarantor will have to make all the monthly payments till the bankrupt comes back. Other terms and conditions apply to the Guarantor too.
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answered on Nov 30, 2018 at 22:34
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edited Dec 18, 2018 at 16:40
 
@jeff,

Opps, sorry about opening new post, will make it into 1 post.

Thanks for the detailed answers.

I did open a current account with HSBC today, been asked a lot of questions during the account opening process. I'll transfer my money into this HSBC current account, hopefully it will be safe.

Been late for AKPK payment of 2 months, December is the third month delay, may I know when will the bank lawyer sue me for bankruptcy? Should I report in to Jabatan Insolvensi Malaysia (JIM) next week or wait for the bank's lawyer letter? 

Thank you.
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answered on Nov 30, 2018 at 23:14
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edited Dec 18, 2018 at 16:46
 
@Mr. Ball,

The 3 questions you have asked are related to you only and by answering in different threads, it has become a "headless torso". There are distortions in replies. You only can understand, but new readers are left in a limbo.

The other 2 threads:

https://www.lawyerment.com/answers/questions/13036/personal-bankruptcy-will-partnership-bank-account-be-frozen-too

https://www.lawyerment.com/answers/questions/12854/property-in-joint-name-sold-to-3rd-party-if-bankruptcy-happens-in-next-3-months

Now can you give more details instead of giving it in bits & pieces?
Any more details you have missed out?

I'll transfer my money into this HSBC current account, hopefully it will be safe.
No bank account will be safe if it has your name (be it single or joint account) if it ever hits into bankruptcy level.

Now you have come out with another story of AKPK default. 

AKPK Terms and Conditions:
The moment you hit into 60 days default, the Debt Management Programme (DMP) collapses. No more AKPK.

If your individual debt is less than RM50K, banks cannot take any bankruptcy actions. They may first try to sue you in court to make you a Judgement Debtor first, then sit on the high interests until it touches more than RM50K. Then the fireworks begin.

The period taken from AKPK termination till bankruptcy level, can be from 1-3 years depending on the deep /depth level.
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answered on Dec 1, 2018 at 00:26
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edited Dec 18, 2018 at 16:50
 
@jeff, appreciate your time for answering my questions.

I'm 33, self-employed businesses 1: partnership 2: director in Sdn. Bhd.
Side income is online trading investment income.

I've got into a personal loan 3 years ago RM200k (dumbest decision), and 2 credit cards RM10k enrolled into AKPK 1 year ago, AKPK monthly DMP payment is RM1650.

No car. I have sold my property (joint name with husband) 2 months ago.

I was planning to file bankruptcy (after this joint name property sold) in order to restructure my finances and never ever to borrow from bank ever again (Dave Ramsey's fans). I have a son and mom to take care of.

Income wise, I will either use cash or joint name account with my mother/husband knowing that my personal bank account will be frozen. As I will still have side income coming in from my online PayPal account so I went to HSBC to open a current account for me to link with PayPal online income. I'm not sure if this works.

Would like to know what should I do next, my AKPK account is still active till December.

Thank you !
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answered on Dec 3, 2018 at 19:22
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edited Feb 25, 2019 at 22:27
 
AKPK account is still active till December. 
You better call up AKPK for confirmation.

would like to know what should I do next,
Sit back and continue your life as normal as possible.

Get spare new other mobile number not registered in your name. Leave little moneys in any banking accounts under your name, you can leave more in my account.

Once you have consolidated your finances and have hidden your monies, then wait for the banks to sue you. They may be in no hurry.

Or...

Then apply for Self Bankruptcy so that in 3 years time you can be a New Woman if you can have a successful discharge of bankruptcy. I have suspected you a lady but not so young. That's why I purposely address us as Mr. Ball. Restructure your lifestyle and start a new beginning. Bankruptcy is not the end of the line but a brand new start.
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answered on Dec 3, 2018 at 20:26
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edited Dec 18, 2018 at 16:55
 
Thank you @Jeff, 

Your reply saved me from over worrying and sleepless night, thanks from the bottom of my heart! Big hugs!

I will go for the later option you've suggested which is turn myself in for self bankruptcy and wait for 3 years.

Thank you, wish you all the best!
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answered on Jan 30, 2019 at 10:45
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edited Feb 25, 2019 at 22:28
 
@Jeff,

Refer to your reply above, can a bankrupt apply for travel with the purpose of "Casual Short term Holiday"? How short should be the holiday? Is 2 weeks considered short term? Can I apply it with the purpose of visiting daughter in other country?

Thank you.
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answered on Jan 30, 2019 at 23:24
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edited Feb 25, 2019 at 22:30
 
@MS1111

can a bankrupt apply for travel with the purpose of "Casual Short term Holiday"? 
Can. As long as all expenses can be borne by children (with proof).

Is 2 weeks considered short term?
Yes.

Can I apply it with the purpose of visiting daughter in other country? 
Can. You have apply before, similar procedure, the only difference is the purpose of visit.

For his age, he is unlikely to abscond. And he has travel overseas with approval from Jabatan Insolvensi Malaysia (JIM) before.

Apply with invitations letter from family members overseas (proof of relationship) and provide family members as guarantors. If tours, with tour package. Tour package paid by family members.
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answered on Jan 31, 2019 at 00:21
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edited Feb 25, 2019 at 23:08
 
@MS1111

Reading your past 2 posts only I can recall your old queries.

My question now is when did he travel for your sister wedding in 2018?

Malaysia immigration current policy is RM3,000 per travel per destination but nothing is mentioned about the duration, validity period except for working overseas (1 year validity). Of course the Official Assignee can say, new policy la, expired 1 year ago, now different country la.. etc etc.

My suggestion is to check with your father's Official Assignee, making him/her aware that your father has paid travel tax to Australia before, and he came back within the stipulated period.

The moral of the story is.. if you don't try, sure the RM3,000 is levied.

Your father can give some appropriate grandpa or grandma valid stories. 1st grandchild la, getting older by the year, last travelling experience la.. birthday celebrations la..  Some kind Official Assignee may approved it without hesitation. Sometimes it is  LUCK..

Maybe offer RM4,000 as deposit in lieu of travel tax, provided it is the same country destination as last year. Maybe you may save RM2,000 if successful.

By the way.. there is no difference between replies from @carrie1226 and @jeff005.

Our minds are wired with the same frequency..!!
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