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Was in debt, sorted out with banks, now can't service anymore

1267 Views  ⚫  Asked 3 Years Ago
asked on Nov 3, 2014 at 04:30
by   Anonymous
Good day all expert in debt cases.

I owe 6 banks with a total of almost 300K, I stopped paying in the beginning of 2013 and by mid 2013, letter of demands started coming in, I didn't have a fixed job at that time due to medical conditions, so I just replied all the LOD with medical reports. (I was not an OKU at that point of time, but after that I applied and got the card in March 2014).

Citibank
HSBC
SCB
HLB
OCBC
UOB

Out of the 6 banks, debt collectors continue to chase except for UOB, which I owe around 45K at that point of time, UOB proceed to file a court summon, which I didn't go to court as my answer is "Yes, I cannot pay" so why waste the money of taking a cab to go to court.

Citibank also a bit weird, on 5 August 2013, I received a letter from the lawyer with the subject Court Summon No: A ... but I didn't receive any court summon, ignored, then 21 Feb 2014, suddenly there is a sealed judgement (Penghakiman Ingkar) which cost Citibank RM600, well total still < 30k, so ignored.

Then in March 2014, I found a job which requires me to travel overseas, so I started talking to them and following are the result, the reason of me doing this is clear off the small debts and delay the bigger one.

Citibank (Credit Card) - <30k, restructuring (fixed loan) done, RM800/month
This one a bit weird, on 5 August 2013, I received a letter from the lawyer with the subject Court Summon No: A ... but I didn't receive any court summon, ignored, then 21 Feb 2014, suddenly there is a sealed judgement (Penghakiman Ingkar) which cost Citibank RM600, well total still < 30k, so ignored.

HSBC (Credit card) - <30k, restructuring done, RM300/month

SCB (Credit card + Personal loan) - around 250k, cannot afford the fixed loan about so told the officer that I just pay RM100/account (I have 5 accounts) so there are money going in hence delaying any legal action

HLB (Credit card + cash on call) - called, but they never get back to me, around 60k I think 

OCBC (Personal Loan) - at least 70k now, die die also don't want to restructure, so debt collectors kept calling, I told them I can pay RM50 but they ask me to go and pay at cash deposit machine, I told them I don't drive so if you let me do online transfer then ok, no, then later machine also cannot already, have to pay at counter, again I told them, I don't drive

UOB (Credit card + cash on call) - ah, this one very aggressive, 2 LOD from 2 different law firms which then filed 2 court summons (refer above), since I need to travel, so restructuring done, RM500/month first year, RM1000 second year, RM1600 third year, I have serviced 6 months so far.

Now, the current company is closing down, earliest end of this month, so I have not made any payment yet for November 2014.

So I am wondering, if I stop payment now, are those restructuring-already-done banks going to re-start the procedure again?

My aim is still to avoid bankruptcy as I might get another job which requires me to travel.

Thanks in advance.
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