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Any sample letter to write to bank on settlement of debts (loan)?

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asked on Jan 5, 2011 at 19:10
by   BlurBlur
edited on Mar 28, 2016 at 20:05
 
Hi there, I would like to seek advice or help from the member here.

I have called up my Official Assignee (OA) in Jabatan Insolvensi Malaysia (JIM KL) (as you guys know, is fxxking hard to get to the Person in Charge (PIC). Even general line also no body bother to answer).

I have to write in e-mail only the OA (2nd OA handle my case) called me up.

I am trying to get info on how to settle the loan debts (Owing RM40K), and I hope can get a discount as much as possible.

So I thought Official Assignee (OA) will be the right person to negotiate with the bank. But when I talked to her, she asked me go to approach the bank and negotiate with them. When the bank comes out with a figure and we mutually agree then only the bank will write in a letter to Jabatan Insolvensi Malaysia (JIM). Is this how it goes?

Anyone can help me with the letter to settle debts and of because the appeal letter later on to further mark down the debts.

I wonder if Public Finance Bhd is around since this loan was from them since 10 years ago.
Thanks and regards.
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answered on Nov 24, 2014 at 19:23
by   jeff005
edited Mar 28, 2016 at 21:46
 
.. FYI, the house has been auctioned

Legal action had been accorded. Next action can be anytime if negotiations fail. 12 years Limitation for bankruptcy if amount is more than RM30K. That is why the banks WILL not negotiate. If you pay anything the total amount goes below RM30K, they can't take bankruptcy action. Do you think bankers are non mathematicians?
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