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
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