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Automatic discharge for bankruptcy: reviewing Bankruptcy Act 1967 in Malaysia / Cartaz Ummu Hani Jaiman … [et al.]

A bankruptcy is often seen as the one who caused the debt-virus among the society. It is indeed, an allergic word that has been traumatized among the nation for ages. Although there are several steps had been forwarded however, the numbers keep increasing. A total of 243,823 people have been declare...

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Main Authors: Shamsudin, Nur Akmar Shamira, Mohd Zainuddin, Zaidatul Aqilla, Jaiman, Cartaz Ummu Hani, Mohd Fuad, Noor Fadhlin
Format: Student Project
Language:English
Published: 2013
Subjects:
Civil law
Online Access:http://ir.uitm.edu.my/id/eprint/35225/1/35225.pdf
http://ir.uitm.edu.my/id/eprint/35225/
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spelling my.uitm.ir.352252021-05-18T04:13:17Z http://ir.uitm.edu.my/id/eprint/35225/ Automatic discharge for bankruptcy: reviewing Bankruptcy Act 1967 in Malaysia / Cartaz Ummu Hani Jaiman … [et al.] Shamsudin, Nur Akmar Shamira Mohd Zainuddin, Zaidatul Aqilla Jaiman, Cartaz Ummu Hani Mohd Fuad, Noor Fadhlin Civil law A bankruptcy is often seen as the one who caused the debt-virus among the society. It is indeed, an allergic word that has been traumatized among the nation for ages. Although there are several steps had been forwarded however, the numbers keep increasing. A total of 243,823 people have been declared bankrupt in the country as according to the Malaysia Department of Insolvency, between 2005 and June 2012. This can be summarized as about 52 people are declared bankrupt every day compared with 36 in 2007. Due to the reason of non-payment of business loans, housing, personal, or car loans the people below 45 are the conqueror of this statistics and this is of no good. Thus, in enhancing the law that has been implemented, several provisions need to be reviewed as to erase this lacuna and several countries were made as a reference to comprehend our legislation. Generally, these two ways of discharging and annulling the procedure would not suffice the objectives of lessen the statistics. Although in such a way, the financial institution may make serious effort to assist the borrower, then in initiating the bankruptcy proceeding is not going to be the first at a time. Plus, several consideration need to be taken on when only the Director General of Insolvency (DGI) has to act upon and also the right of being a bankrupt. 2013 Student Project NonPeerReviewed text en http://ir.uitm.edu.my/id/eprint/35225/1/35225.pdf ID35225 Shamsudin, Nur Akmar Shamira and Mohd Zainuddin, Zaidatul Aqilla and Jaiman, Cartaz Ummu Hani and Mohd Fuad, Noor Fadhlin (2013) Automatic discharge for bankruptcy: reviewing Bankruptcy Act 1967 in Malaysia / Cartaz Ummu Hani Jaiman … [et al.]. [Student Project] (Unpublished)
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
topic Civil law
spellingShingle Civil law
Shamsudin, Nur Akmar Shamira
Mohd Zainuddin, Zaidatul Aqilla
Jaiman, Cartaz Ummu Hani
Mohd Fuad, Noor Fadhlin
Automatic discharge for bankruptcy: reviewing Bankruptcy Act 1967 in Malaysia / Cartaz Ummu Hani Jaiman … [et al.]
description A bankruptcy is often seen as the one who caused the debt-virus among the society. It is indeed, an allergic word that has been traumatized among the nation for ages. Although there are several steps had been forwarded however, the numbers keep increasing. A total of 243,823 people have been declared bankrupt in the country as according to the Malaysia Department of Insolvency, between 2005 and June 2012. This can be summarized as about 52 people are declared bankrupt every day compared with 36 in 2007. Due to the reason of non-payment of business loans, housing, personal, or car loans the people below 45 are the conqueror of this statistics and this is of no good. Thus, in enhancing the law that has been implemented, several provisions need to be reviewed as to erase this lacuna and several countries were made as a reference to comprehend our legislation. Generally, these two ways of discharging and annulling the procedure would not suffice the objectives of lessen the statistics. Although in such a way, the financial institution may make serious effort to assist the borrower, then in initiating the bankruptcy proceeding is not going to be the first at a time. Plus, several consideration need to be taken on when only the Director General of Insolvency (DGI) has to act upon and also the right of being a bankrupt.
format Student Project
author Shamsudin, Nur Akmar Shamira
Mohd Zainuddin, Zaidatul Aqilla
Jaiman, Cartaz Ummu Hani
Mohd Fuad, Noor Fadhlin
author_facet Shamsudin, Nur Akmar Shamira
Mohd Zainuddin, Zaidatul Aqilla
Jaiman, Cartaz Ummu Hani
Mohd Fuad, Noor Fadhlin
author_sort Shamsudin, Nur Akmar Shamira
title Automatic discharge for bankruptcy: reviewing Bankruptcy Act 1967 in Malaysia / Cartaz Ummu Hani Jaiman … [et al.]
title_short Automatic discharge for bankruptcy: reviewing Bankruptcy Act 1967 in Malaysia / Cartaz Ummu Hani Jaiman … [et al.]
title_full Automatic discharge for bankruptcy: reviewing Bankruptcy Act 1967 in Malaysia / Cartaz Ummu Hani Jaiman … [et al.]
title_fullStr Automatic discharge for bankruptcy: reviewing Bankruptcy Act 1967 in Malaysia / Cartaz Ummu Hani Jaiman … [et al.]
title_full_unstemmed Automatic discharge for bankruptcy: reviewing Bankruptcy Act 1967 in Malaysia / Cartaz Ummu Hani Jaiman … [et al.]
title_sort automatic discharge for bankruptcy: reviewing bankruptcy act 1967 in malaysia / cartaz ummu hani jaiman … [et al.]
publishDate 2013
url http://ir.uitm.edu.my/id/eprint/35225/1/35225.pdf
http://ir.uitm.edu.my/id/eprint/35225/
_version_ 1701165814498983936
score 13.223943

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