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The Bankruptcy Law 1967 is long overdue for a proper overhaul to turn it into a fair and humane piece of legislation that takes everybody’s interest — particularly, guarantors — into account, and not just those of creditors and financial institutions.
LAST month, Minister in the Prime Minister’s Department Datuk Seri Azalina Othman said the Government was “considering” making improvements to the Bankruptcy Act 1967.
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