Home / Malaysia Bankruptcy Law / Business & Consumer Bankruptcy Law CTOS Checking.

CTOS Checking. (modified 0 times) Credit Card Victim Profile Recently i was having a CTOS check and found that there is a samam against me on a credit card from a bank. in the CTOS, it indicated that the samam hearing was on Dec 2003 and the amount claim was RM5k. there was no any futher information show there. Now already 2012. in fact what that mean when the hearing date i was not attended. what is the impact to me as at now. will the limitation act still can apply to the case? or now can the bank still sue me for bankruptcy ? please assist . thank in advance. 02 May, 2012 17:07:06

RE:CTOS Checking. (modified 0 times) Advisor there is not impact to you as the case still carry on once they have the judgement on you regardless of how many year already over, therefore , the limitation act is not take place and you have to pay back the bank. hope you get what i mean. 16 May, 2012 10:36:21

RE:CTOS Checking. (modified 0 times) vkpc After 6 years after 2003, the bank can't even take your TV without asking for permission from the court. After 12 years after 2003, the bank can't even ask for permission from court to do anything to you. Since the amount cannot reach 30k within 6 years from 2003, the bank also cannot make you a bankrupt. So, legally you owe the bank nothing. If you pay a partial amount to the bank, it would mean that you admit that you still owe the bank and then the bank can make you a bankrupt. 16 May, 2012 11:43:08

RE:CTOS Checking. (modified 0 times) Emily Very good advice! 16 May, 2012 23:59:28

RE:CTOS Checking. (modified 0 times) Credit Card Victim Profile thank for the advise. but the problem is now they already have the judgement from the court which i dun know what is about. the six year time bar is from the judgement date ? can they keep on apply for another judgemnt when time close to six years? is the limitation act still imposes even the bankk already have the judgement from the court? please advise. 17 May, 2012 11:42:18

RE:CTOS Checking. (modified 0 times) unclear guy. hi vkpc. what you mean "After 6 years after 2003, the bank can't even take your TV without asking for permission from the court" . What is mean that? is it mean even after 6 years as per the limitation act, the bank still can bring us to court with the permission from court. what is the % for the court to allow the bank to re call the file after the six years time? 17 May, 2012 11:49:16

RE:CTOS Checking. (modified 0 times) mad guy Yes. the court will normally allow the bank to extend the time , the bank can apply to court to extend the get another judement before the time of six year without impforming you. Therefoe, you all guy dun think of using the limitation act to cover you all. I alway believe justice is alway there . so please think to settle it and dun hope of using the act to escape. that is my advise. i beleive vkpc will also agreed with me because what i advise is the fact and true. 17 May, 2012 12:06:49

RE:CTOS Checking. (modified 0 times) Mr Nice Guy if you got enough money to pay your debt, just go to bank, find anyone who in charge. But if the bank ask you to see debt agent collector to negotiate, u just tell them u only want to deal with the bank not the ####ing collector. collector like [xxxxxx name removed], zuri, p n a solution and many more just thinking to grab your money. the real bank collector from bank had tell me that these outsource collector job just to remind debtor to pay n they got commision if they got payment.. that y they treat u like hell.hahahaha REMEMBER DEAL WITH THE BANK if u got money to pay. 17 May, 2012 16:54:53

Disclaimer - Please Read Carefully

These Bulletin Board pages are intended as a public service primarily to allow non-lawyers and lawyers to share experiences and opinions with other non-lawyers and lawyers. They are NOT intended to be a source of advertising, solicitation, legal advice, self-promotion or disparagement. Lawyerment assumes absolutely no responsibility for postings or their content. Visitors may post questions, comments and replies without prior review by Lawyerment, but we reserve the right to delete any postings (in whole or in part) for any reason at any time.
However, the fact that a posting remains on site NEVER means that it has been approved or endorsed by Lawyerment. By making a posting you are agreeing that the material you post becomes the property of Lawyerment. Lawyerment is a unit of Magnificent Communication. Visitors should exercise great caution when reading this (or any other) Bulletin Board. Be aware that those who post messages may not be who they claim to be. Never to rely on any advice in legal matters except from an attorney you have retained to represent you and your interests. To locate and retain an attorney we suggest you visit our Lawyerment Lawyers' Directory.
Click here to visit Lawyerment.com for 1000's of answers to legal questions. Please read our Privacy Policy and Disclaimer & Conditions Of Use.
Copyright © 1999-2012 Lawyerment.com. All rights reserved