Change the law on bankruptcy

I REFER to the letter “Case of being a bankrupt” (The Star, Sept 2) in which the writer alluded to the archaic nature of the bankruptcy laws in Malaysia.

Prime Minister Datuk Seri Najib Tun Razak acknowledged the need to reform our bankruptcy laws during his winding-up speech on the last day of the 2012 Umno General Assembly, where he said the Government would come up with new legislation because the current bankruptcy laws were too strict.