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 to return to their lives without being burdened.
Being (declared) bankrupt is a form of punishment, not a repayment scheme.
When an individual has served their punishment for a certain period, with good behaviour, then their discharge from bankruptcy should be expedited and simplified, regardless of the amount of the general debt filed, he said.
The former prime minister noted that during his administration, th…
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