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Personal Insolvency Law in Malaysia

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The individual, including the student of the law, and the institution, will all benefit from Sri’s comprehensive traverse of this difficult area of the law of insolvency, looking not just to our jurisdiction but others for knowledge and for answers to what the law is, how it is practised and how to navigate its procedural labyrinth. 

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

This book is written based on the Insolvency Act 1967 (Act 360) as amended by the Bankruptcy (Amendment) Act 2017 (Act A1534). It is intended to be a guide to lawyers, students, judicial officers, officers of the Department of Insolvency and other persons concerned with insolvency proceedings.This book provides a comprehensive introduction to personal insolvency lawand explains the eight acts of bankruptcy as laid down in the Insolvency Act 1967. It details the voluntary arrangements available in bankruptcy and provides discussions on bankruptcy notice and petitionprocedures. It elaborates on the bankruptcy order as well as the disqualifications and disabilities of a bankrupt. The book also contains discussions on how the bankrupt may be dischargedor the bankruptcy order annulled, and includes discussiononappeals and stay procedures against the bankruptcy order.  
Concise yet comprehensive, with discussions well supported by statutory and case authorities, this book provides a clear and organised account of the practice of insolvency law in Malaysia. 

Key Features  

  • Simplified explanation and discussion on the law on personal insolvency based on the Insolvency Act 1967 as amended by the Bankruptcy (Amendment) Act 2017 
  • The topics are organised systematically through the insolvency process to ensure easy appreciation of the materials in the book 
  • Written in clearlanguage without excessive legal jargons so as to make the text available for non-legal personsto understand the subject 
  • Annotated sample formsfrom the Department of Insolvency
     are reproduced in Appendices for easy reference