Bankruptcy Discharge? My parents were broke 20+ years ago because of a house loan.


My parents were broke 20+ years ago because of a house loan. Few years ago, my parents were asked to clear monthly payment of RM50 but i don't know asked by the governing body or the bank or perchance some other officer. They did not make the monthly return as they thought is not worth if the amount they need to take home is the sum owed plus interest for over 20 year plus. How is amount due is calculated and what is the procedures to get discharge from ruin? To who i shall talk to and look for within order to assist my parents?

Answers:
I assume you are from Malaysia. Not so sure of Malaysia law, however if your parents enjoy a OA (official Assignee), then they shoould check near the OA.




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