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What happen to my loan to other bank, after I was freed from bankruptcy

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asked on Oct 8, 2019 at 12:30
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I was declared a bankrupt in 2012 and serve payment RM 400 monthly. If I was not mistaken at that time I was told not to make payment for my loan to other banks. 
What happen to my loan to other bank after I was released by bank that declared me bancrupt
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answered on Oct 8, 2019 at 13:04
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edited Oct 8, 2019 at 13:06
by   jeff005
@Yoteh

I was told not to make payment for my loan to other banks. 
Correct information from the OA.

What happen to my loan to other bank after I was released by bank that declared me bancrupt
You will not be released from your bankruptcy status until you have made good the POD from other bank/s. The bank that had bankrupted you, released you from their books of accounts but not your bkcy status. Only by paying all your POD creditors can released you from bkcy.
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answered on Oct 8, 2019 at 13:53
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@Yoteh

1.  When you first reported in to JIM you have to file a SOA  (Statement Of Affairs).
2.  Inside the SOA, under Assets and Liabilities you have to filled up accurately.
3.  You have to declare  ALL  bank debts including H/P, even licensed moneylenders.
4.  The RM 400 will be apportioned among all those other creditors who filed POD.
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answered on Oct 8, 2019 at 13:58
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Thank you very much Jeff005. Very helpfull.
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answered on Oct 8, 2019 at 15:05
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jeff005 is a bitter old man 
His wife left him and he escaped to Thailand 
He spends his days answering on lawyerment 
When he has time he f.u.c..ks kathoeys like a true gent 
He says he works in Thailand, 
But everyone knows his true purpose is to hold little boys hands! 
jeff005 edits his posts to hide his mistake 
with a forked tongue as cruel as a snake 
63 years old with nothing to show for it 
tick-tock jeff your funeral will be a hit! 
oh i almost forget nobody will attend 
because you don't even have a single friend!
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answered on Oct 17, 2019 at 16:20
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hahljdfe may you find peace in your life
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