Insolvency

The main amendment, helps bankrupts be released from insolvency within three to five years from the time they submit their statements.

Amendment to Act 360 in regard to automatic discharge from bankruptcy after three years is among the proposals submitted to the government.

Ti said based on information from the Malaysian Department of Insolvency, there were 10,137 bankrupt youths in 2020 until June 2022.

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.

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.

Selangor had the highest number of individuals declared bankrupt at 2,555, according to Malaysian Department of Insolvency.

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.

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.

Former member of Elite group, Watie or her real name Norwati Sadali, was ordered to pay RM102,490.05 to Malaysian Department of Insolvency.

Malaysians who have been barred from going overseas have been resorting to rate lanes to cross over to neighboring countries.

The Kelantan State Assembly Speaker today declared that the Nenggiri state seat is vacant.

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.

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.

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.

Beginning Jan 1, companies and those found to be bankrupt will have their names displayed on the Malaysian Department of Insolvency website

It is clear that adding more lanes and highways doesn't work, because we are still attempting the same approach to solve the issue.

This investment includes efforts to upgrade INOKOM's existing assembly capacity to meet Hyundai's automotive needs.

'C4Cinta', directed by young filmmaker Karthik Shamalan, has set a new benchmark in Malaysian Tamil cinema.

The court denied bail and scheduled case mention on Feb 7 for the submission of forensic, autopsy, and chemist reports.

The classroom assessment approach offers a much more interesting learning ecosystem, says Fadhlina Sidek.

Google and Meta says the government should wait for the results of an age-verification trial before going ahead.

It represents a big legal victory for Donald Trump, who won the Nov. 5 US election and is set to return to office on Jan. 20.

Rescue services said the plane hit the ground, split into pieces and slid over 100 metres (110 yards).

The warm-up matches will involve matches against better ranked teams in the world, namely Austria (first) and Belgium (third).

The United States, part of the G7, has rejected the ICC decision, with President Joe Biden describing it as outrageous.