Insolvency Act amendments under debate


AMENDMENTS to the Insolvency Act 1967 will include two new categories for individuals to be discharged from bankruptcy, says Datuk Seri Azalina Othman Said.

During the second reading of the Bill at the Dewan Rakyat yesterday, the de facto Law Minister said the two categories are for those over 70 years old, and individuals with mental illness certified by government psychiatrists.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Dewan Rakyat ,

Next In Nation

Two enterprises face possible penalties over alleged highway tender bid rigging cartel
Jobless man arrested over Kg Johan Setia fire
Senior Armed Forces officer arrested in graft probe
Tuanku Muhriz warns against normalising corruption
Marine police seize RM211,000 worth of fireworks in Juru
Desperate escape tactics fail as Immigration raids net 150 in KL
Mobula 8 cleans 2.3 tonnes of trash from Kota Kinabalu waters
KL cops probing neglect claims after infant sustains fractured femur
Stay aware of mental state, personal limits when going deep, scuba divers advised
Sabah rep questions lack of 'good-faith compliance' with court order on 40% revenue share

Others Also Read