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	   	   </style>{"id":5847,"date":"2018-07-17T09:58:55","date_gmt":"2018-07-17T01:58:55","guid":{"rendered":"http:\/\/alexchanglaw.com\/?p=5847"},"modified":"2025-05-29T09:42:54","modified_gmt":"2025-05-29T01:42:54","slug":"debt-recovery-collection","status":"publish","type":"post","link":"https:\/\/alexchanglaw.com\/index.php\/debt-recovery-collection\/","title":{"rendered":"Debt Recovery Collection"},"content":{"rendered":"\n<p><a href=\"https:\/\/alexchanglaw.com\/index.php\/pungutan-pemulihan-hutang\/\" target=\"_blank\" rel=\"noreferrer noopener\">Versi Bahasa<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/alexchanglaw.com\/index.php\/debt-recovery-collection-chinese\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u4e2d\u6587\u7248<\/a><\/p>\n\n\n\n<p><\/p>\n\n\n\n<h1 class=\"has-text-align-center\"><span style=\"color: #000080;\">The Secrets About Debt Recovery &amp; Collection In Kuala Lumpur Malaysia<\/span><\/h1>\n\n\n\n<p class=\"has-text-align-center\" style=\"font-size:28px\"><strong><em>If&nbsp; you want to&nbsp; get your money back quick, read on.<\/em><\/strong><\/p>\n\n\n\n<p>The first half is recovery against a <em>Company<\/em> and <br>the other part is when your debtor is <em>NOT a Company<\/em>.<\/p>\n\n\n\n<h3><span style=\"color: #000080;\">WHAT IS THE FASTEST METHOD IN DEBT RECOVERY AGAINST A COMPANY?<\/span><\/h3>\n\n\n\n<h5>File a companies winding up petition WITHOUT getting a judgment (going the long process of trial).<\/h5>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-alex-chang-amp-co wp-block-embed-alex-chang-amp-co\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"YB4UzHrmZG\"><a href=\"https:\/\/alexchanglaw.com\/index.php\/judgment-required-before-petition\/\">Winding Up Without a Judgment Petition Malaysia<\/a><\/blockquote><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Winding Up Without a Judgment Petition Malaysia&#8221; &#8212; Alex Chang &amp; Co.\" src=\"https:\/\/alexchanglaw.com\/index.php\/judgment-required-before-petition\/embed\/#?secret=YB4UzHrmZG\" data-secret=\"YB4UzHrmZG\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>Filing a Companies Winding Up Petition against your debtors (who are a company, in Malaysia they are BERHAD, BHD, or a Private Limited Company, SENDIRIAN BERHAD, Sdn Bhd), &nbsp;is the fastest method of recovery.<\/p>\n\n\n\n<h3 class=\"has-very-dark-gray-color has-text-color\"> What is the Alternative <\/h3>\n\n\n\n<p>The alternative will be a filing of a <a href=\"http:\/\/alexchanglaw.com\/index.php\/court-procedures-receive-malaysian-writ-summons\/\" target=\"_blank\" rel=\"noopener noreferrer\">Writ of Summons to get a judgment<\/a> then file a winding up petition AFTER getting a judgment.<\/p>\n\n\n\n<h3><span style=\"color: #333399;\">HOW SOON: USUALLY WITHIN 6 MONTHS<\/span><\/h3>\n\n\n\n<p> From our experience it takes about 6 months from the time we issue a letter of demand till the recovery of the debts. <\/p>\n\n\n\n<h3>WHY MUST I ACT NOW: WHY NOT LET OTHER CREDITORS START THE PROCESS FIRST<\/h3>\n\n\n\n<p>In this debt recovery game the sooner you start your recovery process the sooner you will be paid. The reason is simple, we have experienced a matter where there are about 60 creditors taking legal actions at the same time, only less than 5 received payment.<\/p>\n\n\n\n<h3><span style=\"color: #000080;\">HOW &amp; WHY- FREEZING OF ASSETS<\/span><\/h3>\n\n\n\n<p><span style=\"color: #333300;\">Once we have filed a companies winding up petition against the debtors, we will usually proceed to take legal action to freeze the assets of the company, all these will take place within two months of filing the action in court, once that is achieved, when the winding up order is finally made, the monies in their bank accounts and the assets are intact for the Liquidator to collect and distribute to the creditors.<\/span><\/p>\n\n\n\n<h3><span style=\"color: #003366;\">REVIEWS OF OUR CLIENTS<\/span><\/h3>\n\n\n<div id=\"post-tiles-container\"><!-- Category Key is turned off. See the admin settings for Post Tiles --><ul id=\"post-tiles\" ><li style='background: url(https:\/\/alexchanglaw.com\/wp-content\/uploads\/2025\/11\/ACC-Lee-BN-Discharged.gif) no-repeat center center; background-size: cover;' class='featured-image left cat_bg_reviews' class='cat_bg_reviews' id='12280'><a href='https:\/\/alexchanglaw.com\/index.php\/ten-years-bankruptcy-resolved-seven-weeks\/' class='cat_bg_reviews' style='background-color: rgba(175,226,248,100); color: #121441; border-bottom: 3px solid #afe2f8;border-right: 2px solid #afe2f8;'><h3 style='color: #121441;'>Ten Years in Shackles, Resolved in Seven Weeks <\/h3>To&nbsp; Alex CHANG &amp; Co Client Testimonial: Ten Years in Shackles, Resolved in Seven Weeks \u5ba2\u6237\u611f\u8a00\uff1a\u5341\u5e74\u684e\u688f\uff0c\u4e03\u5468\u7834\u5c40 I have&hellip;<\/a><\/li>\n<li style='background: url(https:\/\/alexchanglaw.com\/wp-content\/uploads\/2025\/07\/ABN-Shareholders-Dispute-2-Pax-1.gif) no-repeat center center; background-size: cover;' class='featured-image left cat_bg_reviews' class='cat_bg_reviews' id='12215'><a href='https:\/\/alexchanglaw.com\/index.php\/resolve-business-disputes-deadlock-breakups-conflict-resolution-mediation-legal-advice-shareholder-joint-venture-failure-partnership-dissolution-corporate-divorce\/' class='cat_bg_reviews' style='background-color: rgba(175,226,248,100); color: #121441; border-bottom: 3px solid #afe2f8;border-right: 2px solid #afe2f8;'><h3 style='color: #121441;'>My Guardian Angels in the Courtroom from a Deadlocked Boardroom <\/h3>\u4e2d\u6587\u7248 My Guardian Angel in the Courtroom from a Deadlocked Boardroom When I entered into a business partnership&hellip;<\/a><\/li>\n<li class='cat_bg_reviews' class='cat_bg_reviews' id='11263'><a href='https:\/\/alexchanglaw.com\/index.php\/annulment-bankruptcy\/' class='cat_bg_reviews' style='background-color: rgba(175,226,248,100); color: #121441; border-bottom: 3px solid #afe2f8;border-right: 2px solid #afe2f8;'><h3 style='color: #121441;'>Annulment Bankruptcy <\/h3>To Alex Chang &amp; Co Dear Sir I am writing to express my profound gratitude&nbsp;&nbsp; for your exceptional&hellip;<\/a><\/li>\n<li class='cat_bg_reviews' class='cat_bg_reviews' id='11182'><a href='https:\/\/alexchanglaw.com\/index.php\/deepest-gratitude-during-time-great-adversity\/' class='cat_bg_reviews' style='background-color: rgba(175,226,248,100); color: #121441; border-bottom: 3px solid #afe2f8;border-right: 2px solid #afe2f8;'><h3 style='color: #121441;'>Deepest Gratitude During a Time of Great Adversity <\/h3>Deepest Gratitude During a Time of Great Adversity Dear Sir I hope this letter finds you in good&hellip;<\/a><\/li>\n<li class='cat_bg_reviews' class='cat_bg_reviews' id='11176'><a href='https:\/\/alexchanglaw.com\/index.php\/11176\/' class='cat_bg_reviews' style='background-color: rgba(175,226,248,100); color: #121441; border-bottom: 3px solid #afe2f8;border-right: 2px solid #afe2f8;'><h3 style='color: #121441;'> <\/h3>Dear Sir I hope this letter finds you in good health and high spirits. I am writing to&hellip;<\/a><\/li>\n<li style='background: url(https:\/\/alexchanglaw.com\/wp-content\/uploads\/2022\/06\/Doctor-RF-59786990_s-W-scaled.jpg) no-repeat center center; background-size: cover;' class='featured-image left cat_bg_reviews' class='cat_bg_reviews' id='10701'><a href='https:\/\/alexchanglaw.com\/index.php\/friendly-loan-painful-lesson-recovery\/' class='cat_bg_reviews' style='background-color: rgba(175,226,248,100); color: #121441; border-bottom: 3px solid #afe2f8;border-right: 2px solid #afe2f8;'><h3 style='color: #121441;'>A Loan to A Friend, I thought. A painful recovery  lesson. <\/h3>I first met \u201cA\u201d through my university roommate. He was quite a bit older than us, and we&hellip;<\/a><\/li>\n<li style='background: url(https:\/\/alexchanglaw.com\/wp-content\/uploads\/2022\/03\/ACC-Salleh-129901049_s_W-scaled.jpg) no-repeat center center; background-size: cover;' class='featured-image left cat_bg_bankruptcy-discharge' class='cat_bg_bankruptcy-discharge' id='10594'><a href='https:\/\/alexchanglaw.com\/index.php\/bought-house-landed-bankruptcy\/' class='cat_bg_bankruptcy-discharge' style='background-color: rgba(175,226,248,100); color: #ffffff; border-bottom: 3px solid #afe2f8;border-right: 2px solid #afe2f8;'><h3 style='color: #ffffff;'>Bought a House  and Landed in Bankruptcy <\/h3>I refer to the above matter 2 In the year 2000 I took up a housing to buy&hellip;<\/a><\/li>\n<li style='background: url(https:\/\/alexchanglaw.com\/wp-content\/uploads\/2021\/02\/Bankruptcy-Discharge.jpg) no-repeat center center; background-size: cover;' class='featured-image left cat_bg_bankruptcy-discharge' class='cat_bg_bankruptcy-discharge' id='9359'><a href='https:\/\/alexchanglaw.com\/index.php\/discount-annul-discharge-then-pay-later\/' class='cat_bg_bankruptcy-discharge' style='background-color: rgba(175,226,248,100); color: #ffffff; border-bottom: 3px solid #afe2f8;border-right: 2px solid #afe2f8;'><h3 style='color: #ffffff;'>Discount Annul Discharge then Pay Later <\/h3>Versi Bahasa \u4e2d\u6587\u7248 I was one of the three directors in a company. What was a supposed happy&hellip;<\/a><\/li>\n<\/ul><div class='posttiles-pagination'><span aria-current=\"page\" class=\"page-numbers current\">1<\/span>\n<a class=\"page-numbers\" href=\"https:\/\/alexchanglaw.com\/index.php\/wp-json\/wp\/v2\/posts\/5847page\/2\">2<\/a>\n<a class=\"page-numbers\" href=\"https:\/\/alexchanglaw.com\/index.php\/wp-json\/wp\/v2\/posts\/5847page\/3\">3<\/a>\n<a class=\"next page-numbers\" href=\"https:\/\/alexchanglaw.com\/index.php\/wp-json\/wp\/v2\/posts\/5847page\/2\">Next &raquo;<\/a><\/div><\/div>\n\n\n\n<h3><span style=\"color: #003366;\">MY DEBTOR IS <span style=\"color: #ff0000;\">NOT<\/span> A COMPANY<\/span><\/h3>\n\n\n\n<p><span style=\"color: #003366;\">SUMMARY JUDGMENT FOR THE INDIVIDUAL DEBTORS<\/span><\/p>\n\n\n\n<h5>In Malaysia, once a matter is filed in Court, generally it takes about a year for the matter to be concluded.&nbsp; For the various <a href=\"http:\/\/alexchanglaw.com\/index.php\/court-procedures-receive-malaysian-writ-summons\/\" target=\"_blank\" rel=\"noopener noreferrer\">procedures in the Malaysian Court, click her<\/a>e. &nbsp;After the hearing, the Court may grant you a Judgment,<br>after getting a judgment, you need to execute the judgment.<\/h5>\n\n\n\n<p>To understand how to recover your debts you must understand the entire procedure in order to effectively collect your outstanding debts from the beginning till the time your debt is collected.<\/p>\n\n\n\n<h3><span style=\"color: #333300;\">JUDGMENTS DO NOT EQUAL RECOVERY OF YOUR MONEY<\/span><\/h3>\n\n\n\n<h5>After you have gone through the lengthy process of completing the entire proceedings (at times including a trial) and then getting a judgment against your debtors, it does not automatically means that the debtors will automatically pay the debts automatically.<\/h5>\n\n\n\n<p>You will have to commence execution proceedings such as a companies winding up petition (after judgment), Bankruptcy Petition or a Writ of Seizure and Sale.<\/p>\n\n\n\n<p>There is faster way of obtaining a judgment rather than going for a trial, the process is called summary judgment and we have written an article please click on the article below.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-alex-chang-amp-co wp-block-embed-alex-chang-amp-co\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"sloHWSPfxD\"><a href=\"https:\/\/alexchanglaw.com\/index.php\/summary-judgment\/\">Fastest Way to Get a Judgment in Debt Recovery Summary Judgment<\/a><\/blockquote><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Fastest Way to Get a Judgment in Debt Recovery Summary Judgment&#8221; &#8212; Alex Chang &amp; Co.\" src=\"https:\/\/alexchanglaw.com\/index.php\/summary-judgment\/embed\/#?secret=sloHWSPfxD\" data-secret=\"sloHWSPfxD\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<h3>HOW TO SEIZE THE ASSETS OF THE DEBTOR WITH A JUDGMENT<\/h3>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-alex-chang-amp-co wp-block-embed-alex-chang-amp-co\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"fmxuoxrX6a\"><a href=\"https:\/\/alexchanglaw.com\/index.php\/send-in-seal-team-extract-your-lost-funds\/\">Send in the SEAL Team To Extract Your Lost Funds<\/a><\/blockquote><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Send in the SEAL Team To Extract Your Lost Funds&#8221; &#8212; Alex Chang &amp; Co.\" src=\"https:\/\/alexchanglaw.com\/index.php\/send-in-seal-team-extract-your-lost-funds\/embed\/#?secret=fmxuoxrX6a\" data-secret=\"fmxuoxrX6a\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>Frequently Asked Question: How can an unsecured creditor recover their debts?<\/p>\n\n\n\n<p>The perception on this is that only bankers and secured creditors may recover their debts. &nbsp;This is generally true.<\/p>\n\n\n\n<h3>Can unsecured Creditors get paid ahead of the Bankers?<\/h3>\n\n\n\n<p>The short answer is YES, <a href=\"http:\/\/alexchanglaw.com\/index.php\/services\/winding-up\/\" target=\"_blank\" rel=\"noopener noreferrer\">click here<\/a> to read more.<\/p>\n\n\n\n<h3>How Do I Submit My Debt Recovery Query<\/h3>\n\n\n\n<p>Please click here for the guideline or &nbsp;<a href=\"http:\/\/alexchanglaw.com\/index.php\/debt-recovery-checklist\/\" target=\"_blank\" rel=\"noopener noreferrer\">checklist<\/a> &nbsp;OR &nbsp;If you would like to submit a <a href=\"http:\/\/alexchanglaw.com\/index.php\/debt-recovery-query\/\" target=\"_blank\" rel=\"noopener noreferrer\">Debt Recovery Query<\/a> Form directly to us.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\"><p>WHO MOVED MY MONEY? Your debtors&#8230;<\/p><\/blockquote>\n\n\n\n<p>In one the following cases you will find that in FW V Suitech the Provisional Liquidator was appointed in November 2007 and the Company was wound up in January 2008 (see also Pay up or Wind Up) the whole process took about 3 months:<\/p>\n\n\n\n<p>These are the brand new cases published in 2008 (reported Back to Back):<br><span class=\"text\"><b><span style=\"font-size: large;\"><br><\/span><\/b><a href=\"http:\/\/alexchanglaw.com\/files\/PET5551-GroundofJudgment.pdf\"><span style=\"font-size: medium;\">FW Industries v Suitech<\/span><\/a><span style=\"font-size: medium;\"> (the Original grounds written by the learned Judge Hishamudin, who was later elevated to the Court of Appeal and retired in the year 2015,<br>published in the Current Law Journal: [2008] 3 CLJ 210<\/span><\/span><\/p>\n\n\n\n<p><span class=\"text\"><b><span style=\"font-size: medium;\"><br><\/span><\/b><a href=\"http:\/\/alexchanglaw.com\/files\/FRE5355-Jud.pdf\"><span style=\"font-size: medium;\">PECD V FREEHOLD<\/span><\/a><span style=\"font-size: medium;\"> (the original grounds written by the learned Judge, now Judge of the Court of Appeal Dato Vincent Ng, published &nbsp;in the Current Law Journal:<br>[2008] 3 CLJ 215<br><\/span><\/span><br><span class=\"text\"><span style=\"font-size: medium;\">Visit Current Law Journal<\/span><a href=\"http:\/\/www.cljlaw.com\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-size: medium;\"> www.cljlaw.com<\/span><\/a><span style=\"font-size: medium;\"> to download a copy of the actual report.<br><\/span><\/span><\/p>\n\n\n\n<p><a class=\"art-button\" href=\"http:\/\/alexchanglaw.com\/index.php\/contact\/address-location\/\">Inquire About This Service<\/a><\/p>\n\n\n\n<h2><span style=\"color: #000080;\">&nbsp;<\/span><\/h2>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Versi Bahasa \u4e2d\u6587\u7248 The Secrets About Debt Recovery &amp; Collection In Kuala Lumpur Malaysia If&nbsp; you want to&nbsp; get your money back quick, read on. The first half is recovery against a Company and the other part is when your debtor is NOT a Company. WHAT IS THE FASTEST METHOD IN DEBT RECOVERY AGAINST A [&hellip;]<\/p>\n","protected":false},"author":1819,"featured_media":12000,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[77],"tags":[78],"_links":{"self":[{"href":"https:\/\/alexchanglaw.com\/index.php\/wp-json\/wp\/v2\/posts\/5847"}],"collection":[{"href":"https:\/\/alexchanglaw.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alexchanglaw.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alexchanglaw.com\/index.php\/wp-json\/wp\/v2\/users\/1819"}],"replies":[{"embeddable":true,"href":"https:\/\/alexchanglaw.com\/index.php\/wp-json\/wp\/v2\/comments?post=5847"}],"version-history":[{"count":20,"href":"https:\/\/alexchanglaw.com\/index.php\/wp-json\/wp\/v2\/posts\/5847\/revisions"}],"predecessor-version":[{"id":12003,"href":"https:\/\/alexchanglaw.com\/index.php\/wp-json\/wp\/v2\/posts\/5847\/revisions\/12003"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alexchanglaw.com\/index.php\/wp-json\/wp\/v2\/media\/12000"}],"wp:attachment":[{"href":"https:\/\/alexchanglaw.com\/index.php\/wp-json\/wp\/v2\/media?parent=5847"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alexchanglaw.com\/index.php\/wp-json\/wp\/v2\/categories?post=5847"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alexchanglaw.com\/index.php\/wp-json\/wp\/v2\/tags?post=5847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}