Law and institutional reform minister Azalina Othman Said says the amendments aim to discharge up to 130,000 bankrupts within one year.
Azalina Othman Said said the government is committed to ensuring that no segment of the population is left behind in the country’s development.
“The enforcement of the Act reflects the government’s commitment to ensuring that no segment of the population is left behind in the country’s development,” she said in a statement. The list of bankrupt individuals eligible for discharge without going through the creditor’s objection procedure has also been amended to include two new categories.
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