I think its not AKPK but JIM, the insolvency department.

as i said...it all depend on the bank itself
but by malaysian law...ppl who have been declare a bankruptcy can't hold any asset under their name...
but in foreign land(like in singapore for examples)...malaysia law doesn't apply there
so technically YES...even you are blacklisted/bankrupt in malaysia...
you can still own an asset abroad...

That's why CTOS asked for a scan copy of latest NRIC when registering online....becareful people....your privacy is no longer protected , if only i am a lawyer, will challenge them in court ha ha ha.

hehehehe...technically yes
but AKPK will act as a middle man between yourself, financial institute(bank) and insolvency dept
so it will be more easy to negotiate between them...

Great answers again, looks like we are getting somewhere. Heard from others that Singapore banks also garnish Malaysian funds on behalf of Malaysia local banks (not theirs). Did you ever come across such thing? If true, then bankrupts funds abroad are no longer safe, especially in Singapore, whylah...Malaysia getting so desperate huh...probably oil well going dry already.

and actually the reason why some ppl names were still appear in CTOS data because...
they(CTOS) doesn't updated their data even after the person had clear their debt...
and the financial institute(bank) have no obligation to inform them unlike in CCRIS...
same happen if you're not paying your telephone mobile bill or astro bill
once you get a lawyer letter demanding your "debt"....
the chance of your name being captured in CTOS were high

hahaha....
it's not about the government ler...
it's more to inter cooperative among the bank itself...
especially when the bank have both branch in malaysia and singapore...
they definitely don't want a risky customer...

p/s:
unless you got some cable inside the bank...

They were just someone started a website collecting info from newspaper and go to court notice board then compiled all the info of bankruptcy ppl into their site not long after that banks started using their system to check by paying certain amount and for individual it's free (BUT now you pay) later banks/telco started to deposit defaulter names in their systems too. The problem bank doesn't inform them that defaulter paid the debt and they don't update with bank from time to time thus many info there are not accurate and not up todate. You have to bring verification paper from bank/telco to CTOS for them to update that your debt are cleared. They DON'T delete your name, it's there forever just some note there saying your debt are cleared. If you blacklisted again mean you have 2 records there and so on.....btw I read from some forum after they get your IC (let say you are cleared) they go check with banks/telco see any latest info of you if you are defaulter they straight put your name in their system. Don't asked me how they can get info from bank sure they have their way!

If I am a bloody lawyer i will help people for free to sue them for defamation , any lawyers want to volunter ha ha ha

Why? You think you can run away and live happily ever afterin another country without paying your debts? Geez, people think of all ways of not paying back what they owe others.

Malaysia government and banks depend on each other, no oil, no project, no income for banks. Do you know nowadays EPF policies are also controlled (and favour) to suit the banks .

People owe money also got to live right, not that I utang anyone, it is just that i pity some people with hardship, don't you care? Lets say one day you need a huge amount of cash to pay for your medical and live, would borrowing and unable able to pay would class you as a bad person??? Think man, it may happen to you one day too, never gamble with your faith. So have a heart

This post has been edited by edbravo: Oct 18 2014, 12:26 AM

BANK

bila 2" cuba diskas pasal hal2 org dewasa

They act as though they are the financial police, or are they?

once become bankrupt, AKPK no use edy....hv to deal thru insolvensy dept only....can open a/c for salary purpose....insolvensy dept will issue a letter, just bring the letter to bank and open ac

TS, you in financial shit ah?

Welcome to the real world dude. When you signed the papers to borrow the loan, didnt you plan how to pay it back? If you are unable to pay back, then dont agree with the terms and conditions and dont take the loan. What if everybody thinks like you and hope to get away to get away with not paying back the loans, financial institutions will go bankrupt. This is typical Malaysian mentality, like those who who took PTPTN loans and demand the government waive their debts because they are bumiputras? If the loans dont get paid back, how would the government hae the money to loan to future PTPTN borrowers just because of your selfishness.
To answer your question about medical bills,you can always patronize government hospitals. The government has provided adequate budget for medication and hospitalization. But of course if you opt for private hospitals, then be prepared to pay for it.
Even till now, i have dumbarses come ask me, " Saya sudah blacklist, boleh buat loan lagi?" . My answer would be simple, ‘Hutang lama kau pun tak bayar, pinjaman baru kau akan bayar ker?'.

This post has been edited by TOMEI-R: Oct 18 2014, 09:48 AM

Which is why don't simply take loan w/o any proper budget planning.
I'm ok if people want to take loan let say for expanding their business and then thing doesn't goes well for them.
But not with people who take loan w/o proper planning like taking personal loan just to modi your car or relying on bank loan just to survive on business.
This person got bankrupt because of their own stupidity.

Ram is using ctos backbone also lol.


Also they cannot simple do ctos check on people. Need customer consent then only can. Thats why bank requires u to sign a form to allow them to do a credit check.

Alot of banks start to stop using ctos already.