CTOS database only collect " lead information", meaning at the point of an individual is declared a bankrupt, notices of such is published in newspaper, and thus CTOS captures the information. However, when the individual's debts were fully settled, banks never announced or put any notice in newspaper. And thus, CTOS would not have any knowledge of the debts settlement. It's up to the individual to request CTOS to update the latest status of his bankruptcy by providing documentary proof that he's been discharged from bankruptcy, only then CTOS would insert appropriate remarks into the record.

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Added on December 1, 2010, 1:07 pmBanks normally ask you to provide income tax form or EA form as documentary evidence of your income. Although you're only paying zakat and not income tax, at the end of the day, you still return the income tax form to LHDN, right? The J-Form or the EA is sufficient as proof I guess. Bank can also used your EPF record to cross-checked your income.

I think there should'nt be any problem. Hope this answer your doubt.

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Added on December 1, 2010, 1:35 pmHello ezwannkotb,

Answer to your questions:-
(1) chances are slim, banks can see your record of payments are not so good from the ccris report.
(2) There would be a 50:50 chances. However you can check http://www.loan4ccrisctos.wordpress.com for further information.

This post has been edited by apekabor: Dec 1 2010, 01:35 PM

Banks have the discretion to approve or reject a loan application based on your credit history or records of payment both in the present and in the past. Different bank has different policies in their credit lending requirements. Some banks are more stricter then the others.