Forum
Last updated: 

WHat would happen if I have been declared bankrupt?

I have successfully payed for bankruptcy but now I am wondering what happens next? I have now been declared a bankrupt and I don;t know where to proceed from here nor do I knowwhat will happen to my assets and liabilities. I am also curious if there are still some documents that I need to submit.after filing for bankruptcy.

Search other products or providers:

User comments

  • user image

    No Name

    Since you're already declare as a bankrupt there are simple steps that you need to do to get started. You are required to head to the Official Assignee's office to be briefed on your responsibilities as a bankrupt and to submit a Statement of Affairs recording your assets and liabilities to the Official Assignee within 21 days of the Bankruptcy Order. After, you and the officers of the Official Assignee will discuss your monthly contribution plan.

    2020.03.24 15:44

Please leave your knowledge and opinion!

Related Forums

Banking

Who would manage my bankruptcy estate and who decides my target contributions?

Banking

Which of my assets can be part of my bankruptcy estate?

Banking

What are the restrictions of a Bankrupt?

Banking

What are the roles of an official Assignee?

Banking

What would happen to my assets and my debts if I pass away?

Banking

Can I reposses and own my wife's car?

Related Reviews

Banking

No refunding from wallet if there is an error in the process of toping up an amount

This platform provides zero flexibility of refunding from wallet if there is an error in the process of toping up the amount. Been told by Customer service that the only way is to terminate the account and the refund will be credited after 2 weeks. The UI as well have to be clear at the home screen on which default payment mode are we on as I've been told that the payment mode might switch every time after updating the app

NETSPay / Electronic Transfers Singapore

Banking

The most common and easiest, method for person-to-person payments

The most common, and easiest, method for WeChat payments is person-to-person. The person to whom you’re sending money must already be a WeChat friend of yours. You start by composing a message to them and then add a “transfer” to them. When you click on the “transfer” button, you’ll be asked how much money you want to send to them. Enter an amount in RMB. You’ll then be asked to enter your password. Do that, and you’ll see a reddish-orange “transfer” icon appears.The recipient will see this in their WeChat app, and will then have to accept the transfer. Once they do, they will receive it.

WeChat Pay / Tencent Holdings

Banking

Enhance mobile payment capabilities

Liquid Pay is a much smaller player in the scene, but I am seeing more and more of that bright blue logo nowadays. Liquid Group is a payments technology company that works with financial institutions and telcos to enhance mobile payment capabilities. Amidst the competitive market, it seems that Liquid Pay has an uphill battle acquiring customers from other mobile wallets that boasts more integration with other uses like GrabPay and DBS PayLah. Yet, given the circumstances, Liquid Pay is surprisingly widely accepted at food and beverage outlets.

Liquid Pay / Fave Group

Banking

Terrible customer service in Singapore.

This folks have a terrible customer service in Singapore. If you have a problem, then good luck trying to contact them. I requested for refund and stop any payment to a certain company because I did not receive the ordered items and there was no delivery schedule or whatsoever. The reply was really classic, "Thank you for reporting this case, after reviewing your case, we found that this transaction was not unauthorized and hence couldn't be covered under PayPal Purchase Protection" and just like that the case was closed.

PayPal / PayPal

Banking

Face to face verification via live video call rather than visiting a branch

I think it is more seamless if we could have a face to face verification via live video call rather than having to travel all the way since the idea is convenience anyway. The direct bank to card transfer was good but they could consider including wallet to bank as well. It would also be nice if they include multiple currencies for multiple wallets with attractive packages for Malaysia especially since other wallets/banks don’t have Malaysia. I would also fancy if they ensure that the interface updates promptly especially for remaining balance and suspended cards and include any charges upfront before users make payments

FlexM / FlexM

Banking

The range of partner merchants isn’t that extensive

If you’re a serial Grab commuter, you might already have used GrabPay.They also have a number of partner merchants who accept payment using the GrabPay app.You have to top up your GrabPay account in order to use it anyway and honestly, the range of partner merchants isn’t that great and is mostly limited to small neighbourhood businesses. If you’re serious about using an e-wallet for most of your transactions, you will definitely need to download another e-wallet app for day-to-day use.

GrabPay / Gpay Network S