Personal Insolvency Law In Malaysia By Srimurugan Alagan | 2022

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Personal Insolvency Law In Malaysia By Srimurugan Alagan

Author Srimurugan Alagan
Publication Date Feb,2022
ISBN 9789672723240
Format
Hardcover
Publisher Sweet & Maxwell

 

Sri's comprehensive examination of this difficult area of insolvency law, looking not only to our jurisdiction but also to others for knowledge and answers to what the law is, how it is practised, and how to navigate its procedural labyrinth, will benefit both the individual and the institution.

From the Foreword by 
Dato’ Mary Lim Thiam Suan 
Judge of the Federal Court of Malaysia 

The Story of the Book

The Insolvency Act of 1967 (Act 360), as revised by the Bankruptcy (Amendment) Act 2017, is the basis for this book (Act A1534). It is designed to serve as a handbook for lawyers, students, judicial officers, Department of Insolvency officers, and anyone involved in insolvency processes. Personal Insolvency Law In Malaysia gives a thorough overview of personal insolvency law and discusses the eight acts of bankruptcy outlined in the Insolvency Act of 1967. It discusses bankruptcy notice and petition procedures, as well as the voluntary agreements possible in bankruptcy. It goes over the bankruptcy order as well as the bankrupt's disqualifications and limitations. The book also discusses how a bankrupt can be discharged or the bankruptcy order cancelled, as well as appeals and stay procedures related to the bankruptcy order.

This book provides a clear and organised description of the practise of insolvency law in Malaysia. It is concise yet thorough, with discussions fully supported by statute and case sources.

Key Features of Personal Insolvency Law In Malaysia
  • Based on the Insolvency Act 1967, as amended by the Bankruptcy (Amendment) Act 2017, a simplified explanation and discussion of the law on personal insolvency.
  • The themes are organised methodically throughout the insolvency process to guarantee that the materials in the book are easily understood.
  • Written in plain language, free of legal jargon, so that non-legal people may grasp the subject.
  • Appendices contain annotated sample forms from the Department of Insolvency for convenient reference.

Table of Contents of Personal Insolvency Law In Malaysia

1. Introduction to Personal Insolvency 
2. Voluntary Arrangements in Bankruptcy 
3. Debtors and Creditors 
4. Acts of Bankruptcy 
5. Bankruptcy Notice and Petition 
6. Creditor’s Petition 
7. Debtor’s Petition 
8. Bankruptcy Order 
9. Disqualifications and Disabilities of a Bankrupt 
10. Discharge and Annulment 
11. Appeals and Stays 
     - Appendix 1. Guide to Complete Statement of Affairs Form 
     - Appendix 2. Statement of Income and Expenses 
     - Appendix 3. Application to Open or Activate a Bank Account 
     - Appendix 4. Application to Travel Overseas 
     - Appendix 5. Surety Form 
     - Appendix 6. Sponsor Form 
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