Credit Card Debt

I owed a credit card named SC some 20 years back. I couldn't pay them as I was slammed with bankruptcy by another bank. I have been discharged 2 months back and would like to clear this outstanding amount with bank SC. I called the bank was referred to their collection department. Since I have no record of my credit number, they asked for my new identity card number. They searched and according to their system, I have no outstanding with them. However, they asked for my old identity card number and it appeared in them system. They told me that they can't tell me the outstanding amount and neither can I pay them directly as my file has been passed to their appointed collection agency. They provided me with their appointed collection agency. I called the phone number and extension provided by the bank but there was no reply.
I m determined to clear off this outstanding amount once I can get the officer on the phone on the outstanding amount due.
Questions :
1) After 20 years, is the accumulated interest high?
2) Is it the amount negotiable?
3) Do I pay the collection directly or the bank?

Please help advise.

Thank You

Do not stir up the hornet nest. 6 years limition act over lo, 12 years to bankrupt you also over lo. U should have added this Sc bank together with ALL CREDITORS DEBTS in ur first bkcy case.

You might as well throw yr monies into the sg klang.. i wait to fish it out nearby... I will stake and haunt u out if u pay all those bill collectors even RM10.. I have just got yr IP address... Hahahaa...

Owing RM10k.. now 20yrs later can be RM150k.. They are legalised ah longs ma.....

Bladirunner

If you are bankrupted by one bank, do all debts be 'frozen' as well under JIM administration?

@bunker bro,

This is what I understand reading thru articles concerning bkcy..  If bank C made an application in court to make me a bankrupt, i have to declare all my assets and liabilities.. For credit cards, lists out all the banks you owed.. big or small, TMB, DIGI, CELCOM, every tom dick and harry i owe.., including my ex wife court awarded alimony.  JIM will write to them and will arrange a "creditors" meeting and all creditors will have file in their POD (Proof Of Debts). I can dispute this claim, excessive charges la, etc,etc.. make all the bank lowyers run in out of JIM lo..

JIM will lelong all my any assets, if any, and apportion the monies to all the "approved" creditors. If i am still working, after leaving living expenses for myself, spouse and all legal dependants, pays to all creditors on a monthly basis. If i stopped working, mereka habis lo..

That is maybe also why if you owe too many banks, say 8 banks, they will delay bkcy, wait for whichever bank tak boleh tahan to file for bkcy proceedings first.. Their lowyers charges very high and may not be recoverable thru debtor at all..

If i fail to declare one of the creditors, they can take bkcy action against me in the 18yrs window period. If i have been made a bankrupt 10yrs ago, i strike jackpot today, nego for discount and discharge my bkcy, open a bank ac to put in the happy monies , one fine day that bank K (Kiasu bank) will file for bkcy, freeze my new bank ac. This time no discount, pay full...

That "creditors meeting" is crucial for the bankrupt. JIM is our GODFATHER, if they write to the creditor bank and their lawyer forget to turn up, they can no longer take further legal action once i am made a legal bankrupt. It is in the hands of our godfather the mighty JIM....

Reading thru most of the postings here, i remember reading more then 1 case that they asked why is that after being discharged as a bankrupt, they are facing a new bankruptcy proceeding against them. That guy may have been made a bankrupt for a 300k debt, but "forgot" a c.card debt of 9.99k. Insignificant amt at that time, after 15yrs interests... hahahaa he/she can be bankrupted now lo.. The bank lawyer can submit to court, we couldnt find him/her all these years, now we found him driving a BMW, his status at JIM is not a bankrupt, so we(the bank) bankrupt him now..

So, to all bankruptcy wanabes ( myself pun ), drag all creditors banks, every tom, dick  and harry, mary, jane and lucy into the pic... I have got no job, no monies, no assets, how to pay..?? Also drag in my nasty mother-in-law lo..

Hope I am accurate in my "assumption"...

@bunker bro,

Sori, i may have misread your Q..  "Frozen" is a bit vague.. R u refering to the debt amount of the creditor?? Or Are u asking if the bank interest charged "stops"?? I have google b4, but find no positive or clear cut answers.

Let's take our msia bkcy laws for discussion purposes.. JIM appoints an OA.. they act as trustees.. and cannot overule any court decisions.. If a bank has obtained Debtor Judgement (Principal + interest), the OA will just follow the order, interests still runs as usual till the whole debt is repaid in full, just like a H.P. debt.. then only we apply for discharge.

There is no automatic discharge for bkcy in msia, but you can make an application to be discharged after 5 yrs, and if one of the creditors bank says no... Automatic extension... Like my case, my business creditor went bankrupt also years ago.. No possible bkcy proceedings from this particular creditor anymore, but the c.cards banks still alive and kicking ppl here and there..

Halo frens reading the above.. this reply is for discussion only, may not be even 50% trustworthy. However, you are all welcum to input further with more accurate info.. Thks..

Thanks for the 3 replies. So, what do I do? Bladirunner reply was not to stir the hornet's nest.

Do nothing, you dont owe Sc anymore, if yr post is accurate.

You dont even have a record of yr debt in the bank computer systems. They "sold" yr debt to bill collectors. They do not have your new ic no.. why bother?

6 years limitation period long ago exceeded. 12 years to bankrupt you exceeded. All over oledi.. You go and pay even RM10 now, they, the bill collectors reopen your file and start intimidating you and your family again. Legally they have no more rights...

Your excess monies saved, pls donate it an orphanage on WESAK DAY.. TQ..

Dun thank me, pls thank the seasoned forumers ( sifu, guru, bro-in-arms ). They corrected and educated me..

dear confused,
u said u r determined to pay sc. why? not sure yr reason but I just couldnt think of a good one to do so.

what bladirunner said was true, why bother to pay since u r not owing them today?
if I were u, I would forget 100% on sc case.

good day.

Dear Both,

Thank you both for your advise. Much appreciated.

Actually this SC debt was overlooked when I met up with the officer at JIM. Actually I wanted to file an appeal when I met up with her as I was paying my monthly to the bank who filed my bankruptcy. And I also sought the help of a lawyer who sent a chambering lawyer with me to meet up with the officer. But all in avail as the officer didn't say much. Just ran through the file and asked me on how much monthly instalment.
Likewise with the chambering lawyer. Long story and damage done. If I have told you the whole actual scenario, you would have called me an idiot for not taking the bank to court. I was plain ignorant of the law that was why I sought the help of a lawyer to help on the appeal.
Anyway, to cut the story short, the earlier officer who attended to me is no longer around and another officer took over the case. I must say that she was very helpful. She gave me all the advise on how to handle the payment and discharge procedure. With my half past six spoken Bahasa Malaysia, she was very patient with me.
And this time around I handled it on my own but with advise from the officer. I didn't get a lawyer to represent me this time around but got a lawyer to do the affidavit. Made the payment to the bank myself. Got it signed and stamped at Commissioner of oath etc., Appeared in court myself and got discharged. Sent the letter back to JIM and she asked to pick up the letter of discharge within a week. And it was ready within a week and my name erased from immigration record too.
I should say that I m relieved to have it gotten this nightmare out of the way.
I witnessed lots of old uncles and aunties and some can't speak a word of English or Bahasa M'sia. Ignorant like me of the procedures and next step to take etc., But the counter officers tried their best to help them. If they are aware of this forum, it certainly would be to enlighten them with more info.
Met an arrogant uncle too. Scolding things like we pay our taxes this and that and this and that.
I was thinking to myself...go and settle your case and don't bising so much.
Met a Dato' too and had a brief chat with him. Apparently his case was a house loan thingy. He went like huh! my house worth more than that etc., etc., Then would means that I have money.I thought to myself again...bising also no point. Just settle it.

The reason I asked about making payment to SC now that I m discharged is because I don't want to be slammed with another notice. Also, I would like to re-open a saving account and worried if they can track me via the saving account address. Possible?

Bladirunner...yes..I do donate to the homeless run and also on wesak day. Though not much, I do make it a point to.

Thanks

Just go and open a account at the bank. If bank say cannot, only produce yr discharged papers.

Nothing unpleasant going to happen to you.. all oledi passed..

If u are an idoit, I AM A BIGGER IDOIT..!! Till 2 months ago I was still an old stupid fool, cowering in fear of bill collectors looking for me, dare not do tis and tat..,, when i found tis site, good comments from many ppl, i can earn my living in peace of mind, stand TALL and walk tall.

If ppl postings and dilenma is true and accurate, this forum sifu (vkpc), guru (notalawyer) and my bros-in-arms, would extend advices and sharing of experiences to combat injustices extented to our society..

Have a pc of mind to catch  what was lost these past 20yrs..

Best Wishes..

Even if they track you down with the address stated on yr savings account, what can they do legally..?? NOTHING..!!

Read thru some of my postings, as well as "bladerunner", go thru the dates of which a legal proceeding has been levied at you.
1/ the date you made last payment (any type of payments, to bank or bill collectors)
2/ date of any "promisary letters" to sc (personal or thru stupid lowyer), i made one myself to a bank b4.
3/ date of bankruptcy started and date discharged.

Do the maths yrself and you would have a pc of mind.

sc could not start a bankruptcy proceeding against u because u were already one..!! since 20yrs have passed, you are debt free from this sc bank oledi. The max they can drag is 11/11/11/11 for bankruptcy proceedings after judgement default amount is obtained. On the dot 12yrs + 1minute...you are debt free from tis bank..