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My bank account was deactivated and I went to Jabatan Insolvensi Malaysia. I am scared what's ahead and need some guidance.

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asked on Nov 12, 2019 at 22:35
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edited on Mar 21, 2020 at 17:07
 
I would really appreciate any help I can get here..

Here's how my story goes:

Last Thursday, 7 November 2019 I noticed all my banks account have been deactivate when I want to withdraw money. I called the bank and the bank said they have sent letter on 6 November 2019 but I was no longer stay at that address. I googled and found some previous notes that I should report to Jabatan Insolvensi Malaysia immediately in which I did the next day on 8 November 2019. Got the assigned Official Assignee (OA) details and she emailed me the same day my meeting with her on 20 November 2019.

My concern:

1. I am working now and if I don't get my account activated on time by 27 November, I am afraid my employer will be curious. I can't afford to lose my job as I need it to pay these debts.

2. I don't know yet which banks filed for bankruptcy against me but I suspect a credit card debt with HLB which was long over due, may be more than RM50k. If I go to the HLB and discuss with them about my debts and if I can (again if I can) manage to ask my family if they can help loan me the amount, and make full settlement, can I then seek for discharge or annulment?

3. I still have other active loans such as:

House: due for 12 months now 
Car loan: no default
Personal loan: no default at the moment.

For my housing loan, I plan to take my Account 2 from EPF to make the payment which I have sufficient amount to do so.

Please please give some advice.

Thanks.
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answered on Nov 13, 2019 at 21:28
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edited Mar 18, 2020 at 16:38
 
@william chan,

What I meant by negotiating is, if bank knows I am a bankrupt and willing to keep my loan active is that possible?

Also another question, I have an oversea work travel to Singapore in January. If I get my husband to be my 'penjamin' (guarantor) and 'pembiaya' (sponsor) with a reason visiting my relative in Singapore any chances Jabatan Insolvensi Malaysia (JIM) would approve as I am still at early stage of registering with Jabatan Insolvensi Malaysia? Also I would like to clarify that I didn't want my employer to know I am a bankrupt because I will have to resign so getting my husband to be my sponsor is my next alternative to enable me to seek approval for the work travelling and at same time keeping my job? Or should I share this with my Official Assignee (OA) officer when I meet her next week?
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answered on Nov 13, 2019 at 21:49
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edited Mar 18, 2020 at 15:07
 
What I meant by negotiating is, if the bank knows I am a bankrupt and willing to keep my loan active is that possible?

The law doesn't allow it.
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answered on Nov 13, 2019 at 21:53
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edited Mar 18, 2020 at 15:07
 
@willian chan

Thank you so much for your swift reply. I guess I just have to wait for my meeting with the Official Assignee (OA) then for that. I have not been able to do anything well now.. thinking about what I am going to do with next.

About my query on the work trip I seek for advice earlier? 
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answered on Nov 13, 2019 at 23:20
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edited Mar 18, 2020 at 15:08
 
Don't wait. 

Try to find way to communicate with the Official Assignee (OA) and politely make a request if you could get the approval letter to open an account on the 20th itself, the day of your appointment. 
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answered on Nov 13, 2019 at 23:32
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edited Mar 18, 2020 at 16:38
 
@rara_,

I shall do my very best on that day to try and get the approval to open a bank account. I am so worried of losing my job that I even started applying elsewhere now as a backup so as to minimise the impact if I have to resign.
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answered on Nov 14, 2019 at 11:51
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If you are able to open a savings account in another bank, can you ask HR to bank in your salary to the new bank account?

Read here

https://www.lawyerment.com/answers/questions/9890/bank-account-for-bankrupts
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answered on Nov 25, 2019 at 11:50
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edited Nov 25, 2019 at 12:15
by   rara_
So..
How was the meeting with the OA?
Did you manage to open up an account with the bank and continue the old account?
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