Noor Nasimah conducts the briefing on Bankruptcy (Amendment) Bill 2016.
MIRI: The Department of Insolvency hopes that the Bankruptcy (Amendment) Bill, 2016 will not only give fair treatment to all involved including creditors, debtors as well as bankrupt principal borrowers and guarantors, but also the department, once it is enforced.
Its head here, Noor Nasimah Bujang, said the department had over the years been unfairly criticised and misunderstood as not only inhumane for implementing the law but also accused of declaring the person bankrupt.
The Insolvency Department doesnt declare anyone bankrupt. Bankruptcy is a process whereby a debtor is declared a bankrupt pursuant to an Adjudication Order made by the High Court agains…
Read the full article at: http://www.theborneopost.com/2017/09/20/bankruptcy-amendment-bill-2016-will-give-fair-treatment-to-all/