Welcome to MyPF

Stay a while and ~~listen~~ read on. Let us together simplify and grow our personal finances!

About MyPF – The purpose and vision of My Personal Finances.
MyPF Team – Get to know the friendly folks at MyPF.
MyPF Services – How can we help you simplify your personal finances to achieve your financial goals.
MyPF Events -Financial talks, workshops, and events helping you simplify and grow.
Testimonials – Don’t take it just from us. These are what our clients have to say about us.
MyPF Partners – Our business partners and how you can be part of our fin-revolution.
MyPF Careers – Career opportunities in the personal finances-related industry.
Contact MyPF – Questions on PF? Looking to simplify and grow? Contact us today!

Check out our guides and articles on these various Personal Finances topics:

Personal Finances – Personal Finances is simple (but takes a lifetime to master).
Risk Management – Protect yourself/loved ones, and assets – without costing you an arm and leg.
Investment Planning – Grow your wealth over time with diverse and robust investments.
Lifestyle – Spend on what (and who) is important to you while maximizing your RM!
FAQ & Resources – MyPFers Frequently Asked Questions, and other useful resources
Membership Access – Get exclusive benefits as a MyPF member.

Chienching January 16, 2020 at 9:15 am - Reply
Hi sir, I have bank owing of rm250k and decided to opt for bankruptcy. Lately I received a writ and Statement of claim from bank solicitor asking me to go court. Do I need to go if I really has no means to pay the debt and want to go for bankruptcy? Is it good to voluntarily declare bankrupt or wait till the bank taking actions sue me till the bankruptcy stage (understand it will take longer time compare to self declare bankrupt).
Appreciate yr precious advice, thanks.
Hi Chiengching, it may be good to work out if any alternative arrangement (i.e. voluntary arrangement) can be made with the bank. If it’s a court hearing you will want to answer to the summons. A voluntary bankruptcy may be beneficial to trigger automatic stay whereby creditors are prevented from taking action to collect debts and repossessing property. Once a Receiving and Adjudication Order has been made, a person can no longer transfer any property (and any arrangements made to this effect are invalidated). And as soon as a person is declared bankrupt, the property shall be automatically vested upon the DGI. Do check with your legal counsel.