A Malaysian man, whose father died about four months ago, now has to carry the latter’s massive debts worth RM700,000.
The man, who penned his dilemma and shared it in the Facebook group Muflis Bankrupt di Malaysia, said he is the eldest among seven siblings, who came from three different marriages of his father.
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A Malaysian man inherited his father’s RM700,000 debts
Despite the number of siblings with different mothers, the man, who works as a civil servant, was baffled that he was “tasked” with settling the massive debts.
Two of his siblings are still in school, while his late father’s widow is a Thai national.
“It’s impossible for me to settle the RM700,000 debts. My assets are only worth RM200,000.”
One of the assets left behind is a rental house, which the father had supposedly refinanced twice. The monthly repayment stands at RM2,500, while the rental income is only RM1,000. The refinancing, however, was only revealed following his father’s death, as the man said he had never interfered in the matter, and the purpose of the refinancing was due to his late father’s unspecified chronic disease.
“I am not going to pay, but…”
The man is well aware that he is not going to be able to pay the massive debt, so he decided to leave it and let the bank seize and auction the house, in the hope that it would reduce part of the debt.
Unfortunately, the man claimed that the bank officer called him daily, and his mother, whom his father had divorced in 2002, pressured them to pay the RM700,000 debt.
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He added that despite explaining his situation to the officer, the calls from the bank continue to come in every day.
“I really don’t want to pay. When he was alive, he didn’t support us and caused us trouble. Even in death, he’s still causing trouble in our lives,” the man expressed.
Feeling stuck in the spiral, the man sought advice from the social media users on how to handle the harassment.
How would you have handled the situation?
