Light at end of tunnel for insolvents under amended Act
The main amendment, helps bankrupts be released from insolvency within three to five years from the time they submit their statements.
Fri Oct 20 2023
Insolvency Dept submits proposal to improve Act 360 - Wan Junaidi
Amendment to Act 360 in regard to automatic discharge from bankruptcy after three years is among the proposals submitted to the government.
Fri Aug 26 2022
Number of youth bankrupts in country declining - Deputy Minister
Ti said based on information from the Malaysian Department of Insolvency, there were 10,137 bankrupt youths in 2020 until June 2022.
Mon Aug 15 2022
Court orders Kayveas to surrender 100,000 shares in Bintang Iradat, Wisma MYPPP to Director General of Insolvency
The High Court ordered Tan Sri M. Kayveas and his company, Kayveas Holdings Sdn Bhd, to hand over 100,000 units of their shares in Bintang Iradat (M) Sdn Bhd and Wisma MyPPP to D-G of Insolvency.
Wed Mar 30 2022
Govt to review laws on bankruptcy - Wan Junaidi
Wan Junaidi said he was in talks with officials and the director-general of Insolvency to create a better and friendly law to the community.
Wed Oct 27 2021
10,317 individuals declared bankrupt during MCO period - PM
Selangor had the highest number of individuals declared bankrupt at 2,555, according to Malaysian Department of Insolvency.
Tue Sep 28 2021
Human organ trade: Police say claim untrue, re-arrest man for CBT instead
The case of a man claiming to be an international human organ trader took a new twist today when Sarawak Police Commissioner Datuk Aidi Ismail announced that the claim is untrue.
Wed Aug 26 2020
Insolvency (Amendment) Bill 2020 approved, bankruptcy threshold now RM100,000
The Insolvency (Amendment) Bill 2020 aimed at amending the Insolvency Act 1967 (Act 360) has been passed with a simple voice majority in the Dewan Rakyat.
Tue Aug 25 2020
Watie to pay insolvency department RM102,490.05, clear Hana of bankruptcy
Former member of Elite group, Watie or her real name Norwati Sadali, was ordered to pay RM102,490.05 to Malaysian Department of Insolvency.
Wed Oct 25 2017
Blacklisted Malaysians use 'rat lanes' to enter neighbouring countries
Malaysians who have been barred from going overseas have been resorting to rate lanes to cross over to neighboring countries.
Thu Jul 27 2017
Nenggiri state seat vacant after incumbent declared bankrupt
The Kelantan State Assembly Speaker today declared that the Nenggiri state seat is vacant.
Thu Jun 01 2017
Nearly 6,000 people declared bankrupt in Perak
As many as 5,845 people in Perak were declared bankrupt by the Malaysian Insolvency Department (MDI) from 2012 to last year, said its Perak director Hezlin Haldi.
Thu May 11 2017
Guarantors should not be burdened with settling loans taken by others - Azalina
Minister in the Prime Minister's Department, Datuk Seri Azalina Othman Said said the Insolvency Department (MDI) was looking at matters related to the guarantor and the borrower.
Thu Aug 11 2016
New approach for Legal Aid, Insolvency Depts to provide better service
Azalina said throughout her first year in office, she was entrusted as the minister in charge of Parliamentary affairs, National Civics Bureau (BTN) and of late, to supervise legal affairs.
Fri Jul 29 2016
Online bankruptcy notification
Beginning Jan 1, companies and those found to be bankrupt will have their names displayed on the Malaysian Department of Insolvency website
Mon Nov 25 2013