38. Duties and disabilities of bankrupt 38A. Power to prevent bankrupt from leaving Malaysia 39. List of undischarged bankrupts to be kept PART III ADMINISTRATION OF PROPERTY Proof of Debts 40. Description of debts provable in bankruptcy 41. Mutual credit and set-off 42. Rules as to proof ...
The first part revisits the recent amendments to the Insolvency Act 1967 in Malaysia which is also commonly known as ‘Bankruptcy Law’. On 25 August 2020, the Insolvency (Amendment) Bill 2020, herein referred to as the “Insolvency Bill”, was passed with a simple voice majority before the...
b) Reconcile the mechanism of Part 8 of the Act in respect of other dispute resolution mechanisms, including adjudication proceedings pursuant to the Building and Construction Industry Security of Payment Act (Chapter 30B) (the "SOPA"); and c) Expand the powers of Registrar of assessors and th...
The CCAA also excludes enforcement of matters dealing with bankruptcy, insolvency, composition or any analogous matter pursuant to section 9(2) of the CCAA. Again, this is unlikely to be an issue as banks would be advised that insolvency or restructuring arrangements be documented in accordance wi...
marital status, particulars of spouse/family members; income tax/EPF/SOCSO number; financial and legal status (including bank account information and bankruptcy); CTOS/CCRIS/DCHEQUE check if require; medical condition; and any other information which may be pertaining to you that have been or ...
(whether compulsory or voluntary) or for the bankruptcy (as the case may be) of the Hirer or any Surety; (g) any provision of this Agreement or the Security documents is or becomes for any reason unenforceable or invalid; (h) the Hirer or any Surety is or shall be convicted o...
Consumer protection laws deal with a wide range of issues including credit repair, debt repair, product safety, service and sales contracts, bill collector regulation, pricing, utility turnoffs, consolidation, personal loans that may lead to bankruptcy. ...
The takeaway: Not being the importer of record for fraudulently entered goods does not insulate a “knowing” downstream buyer from criminal liability for that fraud.” By the way, Groeb Farms has filed for bankruptcy and the two brothers that ran the company are facing possible prison terms....
2.2 Will show you how to get paid ahead of the Bankers. 3 Since the new Act is not in force yet what must the Unsecured Creditors do now? 3.1 Are my present winding up petitions affected? 3.2 Shall I start a Companies Winding Up Petition against my debtors before the New Companies Act...