I think so too...because if he had used the house as collateral...he would not be able to change ownership of the house...
try to get a lot of info as to what you and your family member is liable to your father debts....
some debt collectors would just simply use scare tactic and prey on the none informative family members to pay up.
some would even say that they can ask the EPF to stop payment too....

ownership can be changed before one knows he gonna bankrupt

problem here is bank can pursue if ownership change took place within 6 months - 1 year period

ownership can be changed before one knows he gonna bankrupt

problem here is bank can pursue if ownership change took place within 6 months - 1 year period

do you mean ownership of the house can be changed EVENTHOUGH the house has been used as collateral?

How if the ownership changed more than 1 year period?

then he is safe even creditors file for bankruptcy and judgement delivered

Ok. Because this morning the phone call was informing me that they are going to submit my dad file to the highest court and want to foreclose my house.
So I'm not sure whether if they submitted the file, will my house be foreclosed.  

"High Court" to be exact but if you get a good lawyers things might changed.

No collateral = No problem , why worry more?

ownership can be changed before one knows he gonna bankrupt

problem here is bank can pursue if ownership change took place within 6 months - 1 year period

+1 but if not mistaken I think the period is up to 6 months instead of 1 yr.

did i mentioned "collateral" in my statement?

"High Court" to be exact but if you get a good lawyers things might changed.

No collateral = No problem , why worry more?

Hi, not sure should I ask in this thread or not. If not please kindly advise.
This is my issue:-

Now my dad is having a credit card debt with bank. But currently he's unable to do the repayment due to he got stroke in last Dec. I've just received a call from something call jabatan kewangan saying that they want to lelong the house currently I'm staying because back in the pass my dad was using this address to register all his loan and credit card. The house is not under his name. So,I would like to know do they have the rights to do this? And I would like to ask do they have the right to ask us help my dad to do the repayment?

They shall be sending you n official letter.
By phone call only I won't accept it.
BTW, how much is the debt?

I'm not sure about the total yet. Will check with the person tmr.

Worse scenario is to file for chapter 11

What do you means ?

just want to ask if a person enrol with akpk program, can he or she still able to open any current account from bank for business use like: sole proprietor or sdn bhd?

would it affect existing bank account facility?

Yes, still can open a current account.

No, won't affect your current account facilities.