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Bank Account for bankrupts

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asked on Mar 21, 2021 at 09:38
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I am not a bankrupt yet and praying hard wont be ever.

But then just for knowledge n prepararion just in case it does come to that stage...

I know bankrupte can have a bank acc with the DG permission . But the question is will the be any different..i mean the name of the acc. ..example now lets say my acc operated under ny name example ABC...if i am bankrupt..if i get the DG petmission for a acc...will it be any bank or only specific bank only..example maybqnk or rhb...other bank cannot?

And acc name will it be still ABC or some special name etc ABC ( bankrupt) or ABC ( JIM permission)..i mean any special thing to differentiate it from a normal acc.

Reason of asking is to see if i do get banrupted must i reveal it to my HR or can i just kept it in conceal?..after all the term of my employment do not require us to disclose.

Plus pethaps those who experince life as bankrupt can share their real life exoerince . I mean we can of course read the law n etc but those are all in theory n in prqctical things are so much different from in theory?
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6 Answers

answered on Mar 21, 2021 at 09:50
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What is asked have been discussed even a hundred times before since 2010.

Please take the initiative to read backwards for all and any advises tendered.

Do tell me, which bankrupted would come to this forum ever again other than asking for methods for bkcy discharge?
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answered on Mar 21, 2021 at 10:02
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@jeff

Why ask here if they could always ask JiM since they are dealimg with JIM
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answered on Mar 21, 2021 at 12:33
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edited Mar 21, 2021 at 12:51
by   jeff005
@ Vince Sum

Why ask here if they could always ask JiM since they are dealimg with JIM
There you go again, why you ask here when you should be asking from JIM? JIM will be dealing with your case oso if you are bankrupted.

Why ask here when you have not been sharing your case appropriately.

Why ask here for sharing of information when you were asked to share the docs from RHB Lawsuit and the receipt plus release letter issued by the RHB and msgs from RHB BCs? Can blank off your personal details and no one would know who you are, right? By sharing here, readers will have more confidence to deal with their own case.

they are dealimg with JIM :
Bankrupts have asked and have got their applications for discharge rejected with no appropriate answers given. That's why they come to this forum for possible answers to their predicament.

This forum is for sharing of information. This is not a one way street.

Look at Dr. Haris..

He gave /show everything he has received. He even offered to show me his MyKAD when he met me as PoID. He got his answers and how to deal with it. Discussions in his thread would and can help dozens of others if not hundreds down this winding road under the threat of the vested order. Most important, his own case would not harm members of his family including parents and relatives esp children. Debtors bear their own burden.

Think of the other 500k++ cases just from AmBank only. What about other BDBs, banks, other vesting orders? The method of dealing with vested order has been dealt with inside that thread.

He has just replied (to you) and posted in the thread he started.
Is it the same person who has posted in konfusion at start of his Query. You were with him at that time. Why he understand and full of confidence now while you are still seeking for answers?
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answered on Mar 21, 2021 at 13:12
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edited Mar 21, 2021 at 15:46
by   jeff005
There you go again...

Adding things /issues that have no relevance at all.

Create ABC (bankrupt) name.
Create ABC ( JIM permission).

JIM will issue a letter of Authority that you were given permission to open a bank savings acct for the purpose of salary bank-ins. Inside would have standard instructions to make deductions direct and be remitted to JIM to repay POD creditors. 

The bank is the operator of the acct. If you decide to open in one of the banks that had blacklisted you for defaults on their debts, then it is your own doing. Normally it would be the same bank that your employer used to pay out salaries as per Employment Law requirements. If that bank reject the JIM letter, discuss other options with your employer.

after all the term of my employment do not require us to disclose.
In the absence of such disclosure clause in your the Employment Contract, does not mean they would not take any action upon discovery. You will be caught by the sudden closing of the current operational account of which the salary is banked in of which you may have to perform self-disclosure. Do not be over confidence.

those are all in theory n in prqctical things are so much different from in theory?
Laws are laws casted in stone.
Policies can be amended with situations.
There is no theory in laws. That is why it is called LAWS.
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answered on Mar 21, 2021 at 13:25
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edited Apr 16, 2022 at 04:30
 
I am not a bankrupt yet and praying hard won't be ever.

There you go again.. creating emotional issues and stress to your own self.

If you have read Dr Haris and the Vesting Order threads properly with understanding, based on what you have disclosed in the 6 threads questions you have started (hopefully nothing else were held back intentionally), my personal view, there is no locus standi to bankrupt you..!!
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answered on Mar 21, 2021 at 15:37
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edited Apr 16, 2022 at 04:34
 
Dr Haris and I met in this Forum. Now we barter trade.. he became my health advisor and I became his lawsuit (if any) advisor.

Exchanges of info and experiences would benefit ALL readers.

And if one notices that in the thread started by @Remy, I only came into the picture in post No. 12 when I found the discussion going sideways. I have never intended to butt in.
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