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…

After Companies Winding Up

What happens after compulsory winding-up?

Versi Bahasa Malaysia
中文版
Distribution of Assets
From the assets of the wound up company (through a compulsory winding up)  available to be distributed  the unsecured creditors, the liquidator will: ensure that all the Federal Taxes, amounts owing to EPF and SOCSO are paid, after the Companies Winding Up Order. ensure that all company contracts (including employee contracts) are compRead More…

Alex Chang Companies Winding-Up Handbook

How do I wind up a company?

How do I wind up a company?
Versi Bahasa Malaysia
Chinese Version
If a company owes you money and has failed, refused (do not want to) or neglected (forgot) to pay the debt, you may apply to wind it up by presenting a petition to court pursuant to section 218(1)(e) of the Act. Related article “How to Get Paid By Winding Up Your Debtors!” A winding-up petition of this type is usually presented byRead More…

Alex Chang Companies Widing Up Handbook

How to Wind Up Your Debtors in Malaysian Court

Some General Information about winding up your debtors company in Malaysian court:
Versi Bahasa Malaysia
Chinese Version how to wind up a company that owes you money in court; what is  compulsory winding up instead of voluntary winding up; what is Pay Up or Wind Up… what happens after winding up; This is only a guide.  Please do not rely on it without seeking your own legal or fiRead More…

Dispute Resolution alex chang

Writ Seizure Sale Dispute Ownership Goods Seized

“Versi Bahasa Malaysia” A Sheriff of the Sessions Court executed  a Writ of Seizure and Sale in the enforcement of a Judgment on the goods of a Judgment Debtor. A claimant produced a deed of sale claiming ownership of certain goods seized.   Therefore there was a dispute on the ownership of the goods seized, whether they belonged to the Judgment Debtor. The court held that the Deed of SRead More…