KUALA LUMPUR, May 24 Former prime minister Tan Sri Muhyiddin Yassin has urged the government to use a more flexible mechanism to discharge individuals who have been declared bankrupt. He said individuals who have been declared bankrupt are actually serving a punishment and if they have shown good behaviour their clearance should be expedited. A…
KUALA LUMPUR: There should be more flexibility in conditional discharges offered to those who have been declared bankrupt, says Tan Sri Muhyiddin Yassin (PN-Pagoh). In his debate speech on amendments to the Insolvency Act 1967 in the Dewan Rakyat on Wednesday (May 24), he said certain conditions could be put in place to allow them…
The Insolvency Services policy and technical conference returns for a third year and were inviting interested parties to submit abstracts of papers. Following the success of last years Forward Thinking conference held at Nottingham Trent University, the Insolvency Service is planning the next conference on Friday 10 November 2023 to be held at University of…
Supertech’s Insolvency: Glimmer Of Hope For Homebuyers Law & PolicySupertech Insolvency: Glimmer Of Hope For Homebuyers ADVERTISEMENT 23 May 2023, 3:04 PM IST 23 May 2023, 3:04 PM IST 23 May 2023, 3:04 PM IST WhatsApp Twitter Facebook Telegram Read the full article at: https://www.bqprime.com/law-and-policy/supertech-insolvency-glimmer-of-hope-for-homebuyers
KUALA LUMPUR: There will be two new categories for individuals to be discharged from bankruptcy status under the new amendments to the Insolvency Act 1967, says Datuk Seri Azalina Othman Said (pic). During the second reading of the Bill at the Dewan Rakyat on Tuesday (May 23), the Minister in the Prime Minister’s Department (Law…
FORMER Celtic manager and England footballer John Barnes has avoided bankruptcy with an 11th-hour payment to the taxman. An HMRC official told an insolvency and companies court yesterday that the money the ex-midfielder owed had been paid in full. 1 John Barnes has avoided bankruptcy with an 11th-hour payment to the taxmanCredit: Getty A hearing…
Introduction Australian insolvency practitioners have long considered that the Court will take a liberal approach to granting an extension to the period in which the second meeting of creditors must be convened under section 439A(6) of the Corporations Act 2001 (Cth) (the Act). Indeed, there is ample case law where courts have granted extensions to…
Permanent residents of Peninsula Eco Villas and Beach Huts were told last Thursday the manufactured homes park in Capel Sound, Morning Peninsula, was closing next month after the owner RC 1 was declared insolvent in March. The 28 villa owners were told in early April that they would soon receive an offer for their dwellings,…
Chapman Tripp senior associate Janko Marcetic said typically insolvency processes do not distinguish between the size and complexity of the debtor. Photo: 123RF An insolvency lawyer says Australia’s simplified insolvency model for small- and medium-sized businesses should be considered for New Zealand. Australia’s new small business insolvency model came into force in early 2021, and…
FORMER Liverpool and England footballer John Barnes has avoided bankruptcy with an 11th-hour payment to the taxman. An HMRC official told an insolvency and companies court yesterday that the money he owed had been paid in full. 1 John Barnes has avoided bankruptcy with an 11th-hour payment to the taxmanCredit: PA A hearing in February…