Account Freezing
Dec 22nd 2019, 9:32 am
#16
BE Forum Addict
Joined: Feb 2007
Location: Kuwait
Posts: 1,202
Re: Account Freezing
Congrats old chap
I dont think i could do the pleasantries of being nice anymore when you join a new company
I dont think i could do the pleasantries of being nice anymore when you join a new company
Dec 24th 2019, 1:20 am
#19
BE Forum Addict
Joined: Jan 2017
Posts: 2,900
Re: Account Freezing
My account was not frozen at all, and I was advised by the bank that I could keep it open indefinitely.
Moved my large gratuity out with no problems, a few days after the official leaving date.
So I would say as long as you do everything legally then there won't be any issues at all.
I do know of someone who did get hung out to dry on a car loan, he owed money on it and managed to sell the car, but the bank refused to approve the sale and continued to hound him for the payments - he ended up defaulting from outside the country and I assume the bank just had to eat the loan. However, that was not a run-of-the-mill situation or a run-of-the-mill departure (that person did not leave his/her company on good terms) and I suspect that all played a part.
If you are leaving on good terms and do all the paperwork etc I would be very surprised if there were any complications.
Moved my large gratuity out with no problems, a few days after the official leaving date.
So I would say as long as you do everything legally then there won't be any issues at all.
I do know of someone who did get hung out to dry on a car loan, he owed money on it and managed to sell the car, but the bank refused to approve the sale and continued to hound him for the payments - he ended up defaulting from outside the country and I assume the bank just had to eat the loan. However, that was not a run-of-the-mill situation or a run-of-the-mill departure (that person did not leave his/her company on good terms) and I suspect that all played a part.
If you are leaving on good terms and do all the paperwork etc I would be very surprised if there were any complications.
Dec 24th 2019, 3:40 am
#20
Account Closed
Thread Starter
Joined: Feb 2011
Posts: 0
Re: Account Freezing
My account was not frozen at all, and I was advised by the bank that I could keep it open indefinitely.
Moved my large gratuity out with no problems, a few days after the official leaving date.
So I would say as long as you do everything legally then there won't be any issues at all.
I do know of someone who did get hung out to dry on a car loan, he owed money on it and managed to sell the car, but the bank refused to approve the sale and continued to hound him for the payments - he ended up defaulting from outside the country and I assume the bank just had to eat the loan. However, that was not a run-of-the-mill situation or a run-of-the-mill departure (that person did not leave his/her company on good terms) and I suspect that all played a part.
If you are leaving on good terms and do all the paperwork etc I would be very surprised if there were any complications.
Moved my large gratuity out with no problems, a few days after the official leaving date.
So I would say as long as you do everything legally then there won't be any issues at all.
I do know of someone who did get hung out to dry on a car loan, he owed money on it and managed to sell the car, but the bank refused to approve the sale and continued to hound him for the payments - he ended up defaulting from outside the country and I assume the bank just had to eat the loan. However, that was not a run-of-the-mill situation or a run-of-the-mill departure (that person did not leave his/her company on good terms) and I suspect that all played a part.
If you are leaving on good terms and do all the paperwork etc I would be very surprised if there were any complications.
Good terms at the moment but the 2 month notice period is already killing me. Thank **** it's over Christmas.
Dec 24th 2019, 8:22 am
#23
BE Forum Addict
Joined: Feb 2007
Location: Kuwait
Posts: 1,202
Re: Account Freezing
Just start to be a pain in the arse to the management and they will ask you to leave quicker - keep making new suggestions which is what is being done in your new company; start arranging meetings which have no useful agenda or conclusions; or pay $50 for a quack to give you 3 weeks sick leave
Dec 24th 2019, 9:35 am
#24
BE Forum Addict
Joined: Jan 2017
Posts: 2,900
Re: Account Freezing
From recollection, the labour law says that the two-month period can be waived in entirety or in part by a payment from the employee to the company for the time being forfeited - ie, if you want to leave with only a month's notice, you pay them a month's salary etc.
So if it's bothering you that badly see if the company is up for negotiating down the notice period.
So if it's bothering you that badly see if the company is up for negotiating down the notice period.
Dec 29th 2019, 4:52 am
#25
Account Closed
Thread Starter
Joined: Feb 2011
Posts: 0
Re: Account Freezing
From recollection, the labour law says that the two-month period can be waived in entirety or in part by a payment from the employee to the company for the time being forfeited - ie, if you want to leave with only a month's notice, you pay them a month's salary etc.
So if it's bothering you that badly see if the company is up for negotiating down the notice period.
So if it's bothering you that badly see if the company is up for negotiating down the notice period.
They're not monsters or anything, they'd just be ****ed if I left immediately. Once the main guys are back and we're into mid Jan I'll ask to finish end of Jan instead.
