Advertisement

Settling bankruptcy debts while overseas. Why do I have to wait or two months?

324 Views  ⚫  Asked 8 Months Ago
asked on Jan 5, 2020 at 12:46
by  
edited on Apr 6, 2020 at 18:07
 
I want to pay off all my Proof of Debts with the banks and they gave me reasonable discounts.

I have forwarded all the letters from the banks to my Official Assignee for settlement calculation to see if I still have add any more money, but I could not understand his reply. Why do I have to wait for two months?

Here is his email:

Untuk makluman, saya telah buat pengiraan penyelesaian dan pihak tuan tidak perlu membuat bayaran tambahan kerana jumlah kredit estet tuan mencukupi setakat ini.
 
Pihak tuan boleh lantik peguam selepas 2 bulan kerana pihak Insolvensi akan telah keluarkan warta terlebih dahulu. Sekiranya selepas 2 bulan itu tiada Penyata Bukti Hutang yang baru dari creditors lain difailkan, pihak tuan boleh teruskan mohon perintah Pembatalan Kebankrapan di Mahkamah Tinggi Melaka. Ini adalah prosedur biasa Pembatalan Kebankrapan.
 
Tempoh tepat 2 bulan tersebut saya akan maklumkan kemudian.
 
Sekian, terima kasih.
Can any one here please help to explain the procedures and also recommend a lawyer as I am abroad so can't do it myself?

Thanks and God bless!
0 had this question
Me Too
0 favorites
Favorite
[ share ]
3 Answers

answered on Jan 5, 2020 at 13:45
by  
edited Apr 6, 2020 at 17:58
 
and he reply which I can't understand why do I have to wait for two months
here is his email


If you can understand Bahasa Malaysia his reply is already self explanatory.

The two month time frame is sort of  notice (gazette) to the public should there be any more related party who wish to submit their Proof of Debts (POD).

This is a normal procedure of Malaysia Department of Insolvency before getting one bankruptcy status application to the court to be annuled.
0 found this helpful
Helpful

answered on Jan 5, 2020 at 14:02
by  
Click the link below link and try to read it to get an idea of the procedure from a lady forumer who was in similar situation as you are currently in. She did it all by self representing.

https://www.lawyerment.com/answers/q/12924
0 found this helpful
Helpful

answered on Jan 5, 2020 at 16:59
by  
edited Apr 6, 2020 at 17:56
 
@rara_

Thanks for your reply.

The two month time frame is sort of  notice (gazette) to the public should there be any more related party who wish to submit their Proof of Debts (POD).

Where will this be advertised, is it in newspapers?
0 found this helpful
Helpful


You must log in to answer this question.

Not the answer you're looking for? Browse other questions by category or search to find answers.