If you under AKPK program....pay thru AKPK.
Unless
You want to settle one of AKPK debts....better walk in counter and settle on spot...

i am unable to settle all outstanding, but i wish to reduce the current debt with the CC, so asking if can pay direct to bank? By right, the account number should still be valid, and can use to deposit money yes?

Usually people will contact with bank to clear debt....but as for reducing debt with that bank....I am not sure

I suppose it will be ok ...make sure you know when you fully settle that bank in future so that you can stop paying that amount on AKPK.

For reducing debt with bank, yes you can direct transfer to the respective bank or thru their CDM.
Just to make sure that you don't over paid the amount.

yes. u need directly call collection department and the outstanding figure
you may try to ask the full settlement amount. may be they will give u a good offer.

on the good offer part, @MakNok say not much discount

Once already under AKPK assistance, still can travel overseas ?

google and found this....decade old info....
https://www.facebook.com/AKPKofficial/posts...i/286999123293/

Thanks, very very helpful link you have given.

>>

AGENSI KAUNSELING DAN PENGURUSAN KREDIT (AKPK)
January 16, 2010
we have so many questions whether if those under the program of akpk' dmp, can still go overseas...the answer is yes....anyone under akpk dmp program can still travel overseas...only those alrdy adjudged bankrupt and those who declared by mara for ptptn loan default...may not be allowed to leave the country...pls take note ya

yes. u can travel to oversea.
i travel oversea twice a year

call the bank and deal the settlement you can get good discount.

If He sold, definitely he has the money to pay the judgment sum. If no payment, they still can trace your asset and inform the court to retrieve back the property.

Thanks. I plan to liquidate all debts. Either AKPK or liquidate all. I'll be free and can start over.

The thing is what he sold is not enough to cover his bank loan outstandings. If he sold everything and transfer the money, after 1 year declare bankruptcy, his peoperty still will kena retrieve?

Someone has taken out bankruptcy proceedings against me – can I quickly transfer my property to my wife or family members to save my assets?

There is no point in doing this if you are trying to defeat, hinder or delay your creditors. Under the Bankruptcy Act, any settlement or transfer of property shall be void against the Director General of Insolvency if the settler becomes a bankrupt within 2 years after the date of settlement.
If the settlor becomes bankrupt within 5 years after the date of settlement, the settlement or transfer of property will be void unless the parties can show that the settlor was able to pay all his debts at the time of making the settlement without the aid of the property.
The only exception is where (a) the settlement was made before or in consideration of marriage or (b) if the settlement was made to a purchaser in good faith and for valuable consideration.
https://dnh.com.my/frequently-asked-questio...out-bankruptcy/

Scenario
Abu was a businessman and married to his wife, Samah in year 2006. In the same year, Abu transferred two (2) of his bungalows to Samah without any consideration.
In year 2010, Abu was declared bankrupt. The Official Assignee of Abu claims that the said transfer should be void and thus falls under the authority of Official Assignee whilst Samah claims that the bungalows are hers. Which claims should be true??

Mythbusted.
Under section 52(1) of the Bankrutcy Act 1967, any transfer of property made by the bankrupt , in our case, Abu, shall be void against the insolvency department, ie: Official Assignee if Abu becomes bankrupt within 5 years after the said transfer of property, except for:-

the settlement/transfer is made before and in consideration of marriage; or
a settlement/transfer made in favour of a purchaser in good faith and for valuable consideration; or
a settlement/transfer made on or for the wife or children of the settler of property which has accrued to the settler after marriage in right of his wife,
In this case, it is the duty of Samah to prove to the court that the said transfer of bungalows fell under limb (1), i.e: The property is made in consideration of the marriage between Abu and Samah.
http://churassociates.com/2013/08/mythbust...ankruptcy-void/

Yes. Better sell to 3rd party

Debts I got but too much in scale.

Definitely...
2 year ago..travel to Pune India....for Refurbished Articulated Robots assessment and procuring as well.

So no problem..mate.
It all good

This post has been edited by MakNok: Jun 5 2020, 08:50 PM

Thanks.

Hi, i would some people that have experience in akpk programme. What will be after full settlement on akpk programme.
House, car loan etc. Will be harder to get t approval? Higher loading?