Applying for a job for bankrupt person

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asked on Aug 13, 2021 at 13:19
Hello kind forumer,

I'm a bankrupt and have surrender myself to JIM.
I'm due for an interview this coming Monday and they asked me to fill in form which I have to declare either I'm a bankrupt and if i have any problem in paying loan.

should I declare or just tick No.
In the case that I'm hired and they ask me to open a bank account, can I just apply to JIM together with the offer letter and get the account bank open without my company know that I am a bankrupt?

Thanks for your help.
I'm afraid that they won't want to hire me if i declare that I am a bankrupt.
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3 Answers

answered on Aug 13, 2021 at 16:10
edited Aug 13, 2021 at 16:18
by   jeff005
@ doorbell

Hi Nooranini

I have not written nor commented in your previous Qs before. This time, I would try to give you some personal perspective on bankruptcy.

Strictly my personal opinion :

should I declare or just tick No.

Honesty is the best policy if we (debts defaulters) wants to move on with life. A peaceful life after bankruptcy is what we long for.

May I just suggest, just tick  < YES > but add a remark "Under Insolvency case management".

You have posted your full name in this forum (which is admirable), so why need to hide it from your employer-to-be?

Only some careers do not employ bankrupts for security reasons plus insurance coverage issues, namely :

1. Dealing with movement of CASH (Securities companies, money changers)

2. Gold and Jewelry business

3. Illegitimate business

In actual fact, it is well known that those people who have gone thru bankruptcy are more hardworking and honest workers. Your employer could have been a bankrupt before (even the HOD and some senior execs).

Last but not least, I would like to correct some legal info that was wrong and/or incorrectly dispensed to you in your last Q in 2018 and have stopped advising you suddenly and have left you "hanging in the air".


The corrections are :

1.  EPF  is Creditors Proof  if it remains inside EPF account. Once withdrawn into personal account, part of the withdrawal can be seized by JIM to repay POD creditors.

2.  Only Term Life Insurance Policy (without any cash out/back or surrender value) is Creditors Proof. 

3.  ASBN are savings accounts (assets) which will be taken  by Insolvency to repay POD creditors.

Sorry, you have been wrongly informed.
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answered on Aug 18, 2021 at 13:09
Hi Jeff,

Thanks for the reply.
I tick a No in the employment form but will follow your advise and inform HR later. Went through the interview and waiting for management to approve my expected salary. Did quite well in the interview. 

The job is in business development department. Anyway, i have made up my mind that if they don't want to hire me because of my bankruptcy status, then it's their loss.

Thanks again. Wish me luck
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answered on Aug 18, 2021 at 15:01
edited Aug 18, 2021 at 16:36
by   jeff005
Hi Nooraini

Best Wishes to you..

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