31,140 youth under 35 declared bankrupt since 2014 - Ramkarpal
The govt has implemented several initiatives including bankruptcy discharge for those declared bankrupt for debts below RM50,000.
Mon Jun 26 2023
1MDB, subsidiaries get leave to continue lawsuit against Jho Low's associate
Lawyer Siva Kumar said 1MDB's application to continue the lawsuit against Eric Tan Kim Loong could continue even if he is declared bankrupt.
Wed Jun 07 2023
Eric Tan declared bankrupt for failing to pay RM68 mln income tax to govt
The High Court here today declared Eric Tan Kim Loong, alleged to be an associate of Low Taek Jho or Jho Low, bankrupt after failing to pay income tax of RM68,334,219.01 to the government.
Tue Jun 14 2022
Tennis - Becker hid assets including Wimbledon trophies, court hears
German tennis great Boris Becker "acted dishonestly" by failing to hand over assets after he was declared bankrupt.
Tue Mar 22 2022
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
Najib has not been declared bankrupt - Lawyer
Bankruptcy against Najib has not yet occurred even though revenue counsel who acted for IRB, asked for the act of bankruptcy to be recorded by the court immediately.
Wed May 05 2021
Budget 2021: Govt urged to help loan borrowers facing repayment difficulties
The government has been urged to help loan borrowers who have defaulted on their loan repayments for more than three months to the extent of being declared bankrupt.
Wed Nov 04 2020
Budget 2021: Extend loan moratorium to June 2021, MATTA suggests
The tourism industry has crippled and unable to repay loans, many businesses and individuals would suffer and probably be declared bankrupt without a moratorium extension.
Thu Oct 29 2020
Bankruptcy release for 50,000 individuals in 5 years - Ahmad Zahid
For a start, 20,000 borrowers who had been declared bankrupt on technicality or for being a social guarantor would be free of the status in one year.
Sat Nov 04 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
Parliament passes Bankruptcy (Amendment) Bill 2016
The Bankruptcy (Amendment) Bill 2016, which among others, protects social guarantors from being declared bankrupt, was passed by Parliament today.
Wed Mar 29 2017
New Bankruptcy Act law to be tabled in Parliament next year
Nancy Shukri said, the proposed new law will give a second chance to individuals who have been declared bankrupt.
Thu Sep 17 2015
Over 107,000 individuals declared bankrupt from 2010 to April 2015
Among the main causes that led to bankruptcy are failing to pay for vehicle hire purchases, housing loans, personal and credit card loans, business loans as well as those who became guarantors.
Thu Jun 25 2015
Youths aged 25 and below declared bankrupt on the rise
Some 579 individuals aged 25 and below have been declared bankrupt in the first six months of this year.
Sun Oct 19 2014