Dario, that's the million dollar question, no? 

hahaha.....now i know  ....kekeke....but you really good ne...

I've answered this question before in this thread:
Ok? Now where's my million dollars? 

Dear friends,

I will be shooting off for an outstation trip to JB until thursday.

Going home now to pack up.

Tsuyoshi, shall be posting a detailed reply to your interesting query by friday or saturday.

All other new queries will be answered hopefully by the weekend.

Take care, all! 

Dear Mr Lawyer (whoever our fren here who can help me with the advise ),

I bought a house last year and almost settle everything, now the seller lawyer called me up asking me for a copy of assessment receipt and when i provided, there's an outstanding amount (the owner didn't pay for dunno how many years).

The lawyer asking me to pay for the amount, for at least the amount since i rent the house (whole year of 2010).

Isn't the owner of the house need to pay for the fee?

Thanks in advance.

If there any difficulties, if the owener is planning to migrate during the process of transfering ownership, like snp?

I affraid if any outstanding amt, i have to paid but indeed seller should paid - in case we cant find him.

I feel like the bear who just arrived home to find not one but a few Goldilocks sleeping in my bed 

Bro,

The act which your friend plan to do is a fraudulent transfer with the intent to defeat/delay his creditors. That amounts to what we call an 'act of bankruptcy'. Now, later when the creditors obtain a final court order against him for the sum due and owing, and to enforce it, they issue a bankruptcy notice (BN) against him, the doctrine of 'relating back' will apply.

So let's say that he transfers the property on 01.01.2011. On 02.02.2011, the bank obtains a court order compelling him to pay, let's say, RM40K. He fails to do so and the bank issues a BN on 03.03.2011.

Applying the doctrine, the bankruptcy would be deemed to have commenced on the date of the act of bankruptcy (01.01.2011), and not on 03.03.2011.

So, the purported transfer to his children would be null and void as the general principle is that a bankrupt cannot dispose off his property on his own volition.

The creditors would then have a field day with all the property.

So tell him not to waste him time and effort, as the law will catch up him in no time.

Advise him to go and see Agensi Kaunselling dan Pengurusan Kredit - AKPK

Website: www.akpk.org.my

Those fellows can REALLY help. They can negotiate with the banks, waive off the interest, arrange for another payment scheme, refinance,etc.

I've referred quite a few there and reviews have been good. But remember to do it early as they will not help your friend once the creditors have started legal action against him 

Bro, even if he creates a trust in his position as a debtor, the doctrine of relating back will still apply. He can't sell, transfer, or dispose off the property in any way now.

'Bone fide purchaser' principle also doesn't work,bro.

There are no loopholes,bro. What can a lawyer do now anyway? Just to look for a technicality in the BN and procedure (read: loophole) and delay proceedings only. Buy time. At the end of the day, he will still kena sangkut.

Just ask him to swallow his pride/ego and go to AKPK. It'll be the best advice ever. It's FREE, by the way. Forgot to mention.

By the way, are you aware that being in possession of more than 200gm of cannabis or cannabis resin raises the presumption of trafficking under s37(da) of the Dangerous Drugs Act? Trafficking, as you would be well aware, is punishable with death. 

Just informing you,bro 

You're helping him by referring him to AKPK. Seriously. It'll work wonders. 
Even if you're a user, and if you're found in posession, you can face up to 5 years max in the slammer under section 6. Don't say I didn't warn you.