SEREMBAN: Lenggeng assemblyman Datuk Ishak Ismail (pic) was a picture of happiness when the High Court suspended a bankruptcy order against him.
He was accused of failing to repay a loan in which he was the guarantor eight years ago.
Ishak, 64, said he would now be able to access his bank accounts and celebrate Hari Raya.
“But I am sad that I was unable to help a university student in Malacca pay his RM1,524 fees.
“He had approached me for help and I issued him a cheque, not knowing that my bank accounts had been frozen after I was declared a bankrupt in March without my knowledge.
“I really wanted to help him because I know how it feels to grow up without a father,” he said.
Earlier, Ishak, who is a fourth-term Barisan Nasional wakil rakyat, managed to obtain a stay from the court against the bankruptcy order served to him by businessman Datuk Misran Sukadi.
Judge Kamaludin Md Said, however, ordered both parties to re-appear before him on July 23.
He made the decision in chambers.
Ishak’s counsel C.S. Murtti said both parties had told the court that they hoped to settle the dispute amicably.
Ishak was declared bankrupt by a High Court senior assistant registrar on March 18 when a friend, for whom he stood guarantor, failed to pay Misran.
However, he claimed that he only received the order on April 27.
Furthermore, he claimed that the creditor failed to serve him a notice of demand before filing for bankruptcy.
On May 2, Ishak filed an application to set aside the bankruptcy order.
Ishak, who was accompanied by several supporters in court yesterday, said he had also asked the court to defer the matter until after Hari Raya as he did not wish to “fight” during Ramadan.
“I told my lawyer to convey this to the other party and they did not object to it,” he added.