debts

wei_loon5063

just wondering... say if a malaysian were to owe a foreign bank some money. will the bank take any legal action against the malaysian? the amount is only peanuts.

tom5190

Originally posted by wei_loon5063 at 14-8-2008 06:35 PM
just wondering... say if a malaysian were to owe a foreign bank some money. will the bank take any legal action against the malaysian? the amount is only peanuts.

YES......THEY WILL HIRE FOREIGN AND LOCAL DEBT COLLECTORS AND EVEN REPORT TO BANK NEGARA.......TO THEM THERE ARE NO PEANUTS AS FAR AS DEBT IS CONCERNED

azierose

What can Bank Negara do from there??

Also, if someone owes the bank money....
how much is the minimum amount for the bank to declare bankcruptcy to that person??

wei_loon5063

i see.. thanks... btw,are the any legal debts collector in msia??

as i know some people who refuse to pay debts.. in business... even they have the money...

then they would ask along to collect from them... 70/30 rule laa

which i think this comes handy for along existance laa....

u know.... when in business, many people who take goods and refuse to pay even they have the money.. what can lawyer do?

buat polis repot karr