Debtor’s Ledger

What is a Debtor’s Ledger 1 A debtor’s ledger is a listing of all individual transactions detailing each debit (invoice) and credit (payment) or vice versa. 2 The listing will have an opening and closing balance. 3 Preferably it should have all the outstanding transactions (invoices that are not settled) in the print out in between the opening and closing balance. 4 The other docuRead More…

Fastest Way to Get a Judgment in Debt Recovery Summary Judgment Best Practice Kuala Lumpur Malaysia

English Version Versi Bahasa 最快速获得法庭追讨债务判决书的方法: 简易判决 马来西亚吉隆坡的最佳实践 1 An application for a summary judgment in Kuala Lumpur, Malaysia  is a civil procedure under the Rules of Court 2012 (hereinafter the “ROC”) to expedite an action begun by a Writ of Summons without going through the rigours of trial.&nbspRead More…

Winding up period extended 21 days 6 months

You Can Issue a Demand but you must wait 6 months to sue Versi Bahasa Malaysia 中文版 Nuclear Bomb  1 During the Movement Control Order (MCO), on April 10, 2020, our Minister of Domestic Trade and Consumer Affairs, the Honourable Datuk Alexander Nanta Linggi  struck  a nuclear bomb into the hearts of millions of creditors in the country:   you can issue a StatuRead More…

Brief Answers to BIG Questions in Debt Recovery Malaysia

Brief Answers to the BIG Questions in Debt Recovery Malaysia
中文版
 
Does the Legal Process Start with a Letter of Demand
Yes. Usually.
 
Fundamental Question: if I sue someone will I be guaranteed a payment?
Before a credit  is extended, a creditor must conduct due diligence on their debtors and come to a conclusion whether, when push comes to shove (at the end of the day) can the debtors Read More…

Fastest Way to Recover Judgment Debt Writ of Seizure and Sale

中文版Versi Bahasa Malaysia Definition  of Writ of Seizure and Sale The Writ of Seizure and Sale (WSS)  is what we regard as  the most effective  mode for the enforcement of a money judgment. The writ is a direction to the Sheriff to seize in execution the movable properties of the judgment debtor within Malaysia as may be sufficient to satisfy the amount of the juRead More…

YOU Have been served a Writ of Summons. What should you do?

YOU HAVE BEEN SERVED… The 6 Things You Must Know After Receiving a Malaysian Court Summons to Avoid DIRE Consequences Versi Bahasa Malaysia 中文版 . WHAT HAPPENS IF I DO NOT REACT IN TIME? . We share with you a sad story of a happy Semi Detached  buyer turned Bankrupt… . Actually I would like to know more about debt recovery. . In this article we will Read More…

Can the Police Help Evict Tenants Not Paying Rent?

YOU HAVE A NON PAYING OVERSTAYING TENANT… We as your lawyer have the expertise and the right solution for you to recover the rent and to evict him.   Versi Bahasa Malaysia 中文版 The  greatest fears of a landlord that his tenants are not paying him.   The second fear is that how can the landlord recover the rental in arrears and   evict such non payRead More…

Debtors not paying? or defaulting ? Give your debtors Jail time.

Put them behind bars.
Versi Bahasa Malaysia
“I have spent lots of money to obtain a judgment but I cannot get any recovery…”
How do you get “assurance” that when the court makes an order, you can get paid?
At times when the debtors do not comply with the court order what can you do?
To resolve problems like these,  the matter highlighted below, we have build in  a penal indorsement into  Read More…

Fastest Way to Get a Judgment in Debt Recovery Summary Judgment

Fastest Way to Get a Judgment in Debt Recovery Summary Judgment Best Practice Kuala Lumpur Malaysia
中文版
Versi Bahasa
1 An application for a summary judgment in Kuala Lumpur, Malaysia  is a civil procedure under the Rules of Court 2012 (hereinafter the “ROC”) to expedite an action begun by a Writ of Summons without going through the rigours of trial.  The objective is so that the partiRead More…

Alex Chang Companies Widing Up Handbook

Winding Up Without a Judgment Petition Malaysia

Must I obtain a Judgment BEFORE filing a winding up petition against my debtors? “Versi Bahasa Malaysia” This is one of the most frequently asked questions.   A short answer is no.  The provision of section 218 of the Companies Act 1965 and the new sections 466 and 467 of the Companies Act 2016 did not provide that a judgment must be obtained prior to filing of a Winding Up Petition. Read More…

Alex Chang Companies Widing Up Handbook

What is compulsory winding-up insolvency liquidation?

Compulsory Winding-up
“Versi Bahasa Malaysia”
中文版 Compulsory winding-up insolvency liquidation in Malaysia is pursuant to section 218 of the  Act. It is a legal process by which the Official Receiver, now known as the Director General of Insolvency or a liquidator is appointed by an order of the court to ‘wind up’ the affairs of a limited company, Sdn Bhd or a Berhad. At the end of Read More…