Social Guarantor Cannot be Made a Bankrupt In New Amendment
中文版 Versi Bahasa Malaysia
Social Guarantor can no longer be made a bankrupt under the new Bankruptcy (now Insolvency) Act. The bill was passed in March 2017 by the Malaysian Parliament but the implementation date of the Act has not been fixed.
“social guarantor” means a person who provides, not for the purpose of makingRead More…
DRESS CODE
“If most of us are ashamed of shabby clothes and shoddy furniture let us be more ashamed of shabby ideas and shoddy philosophies…. It would be a sad situation if the wrapper were better than the meat wrapped inside it.”
― Albert Einstein If you wonder what is the dress code you should observe in court, read further. If you would like to read about what we SAY and how Read More…
Substituted Service
Versi Bahasa Malaysia”
中文版
1 A brief introduction to the process of Substituted Service.
2 Unless expressly provided by the Rules of Court for the documents to be served personally, they may be served by other mode of service such as inter alia leaving a copy of the document at the proper address of the person to be served or the Prepaid RRead More…
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…
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…
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…
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…
“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…