Amendment to Insolvency Act tabled for first reading. [Newspaper] (2020)
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Abstract
The amendment to the Insolvency Act 1967 (Act 360) will see the minimum debt threshold for bankruptcy raised from the current limit of RM50,000 to RM100,000.
The bill to amend the Act was tabled for the first reading in the Dewan Rakyat today by Minister in Prime Minister's Department (Parliament and Law) Datuk Takiyuddin Hassan.
"Clause 2(a) seeks to amend paragraph 5(1)(a) of Act 360 to increase the minimum debt threshold for the presentation of a bankruptcy petitio, from RM50,000 to RM100,000.
| Item Type: | Newspaper |
|---|---|
| Keywords: | Insolvency act 1967, Amendment, Act of bankruptcy |
| Taxonomy: | By Subject > Law > Insolvency |
| Local Content Hub: | Subjects > Law |
| Depositing User: | Muhammad Azrul Ayob |
| Date Deposited: | 25 Oct 2021 04:53 |
| Last Modified: | 25 Oct 2021 04:53 |
| Related URLs: |
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