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LAD5093
DR. ZULKIFLI HASAN
CONTENTS
Bankruptcy
Winding
Winding--up
Introduction
Relevant Laws
What is bankruptcy?
Who is a debtor?
How?
Creditors Petition
Debtors Petition
Factors to Consider
Cont
Bankruptcy Proceedings
Cont..
Cont..
7.
Restrictions
Restriction to go abroad,
Acting as a director,
Carrying on business and requirement to
contribute to your bankruptcy estate regularly
for the benefit of the creditors.
To give up assets including your home and cars.
There is no automatic discharge from
bankruptcy in Malaysia. May be discharged
either by the Court or the DGI subject to any
creditors objection.
Winding--Up
Winding
Corporate Insolvency
Modes of WindingWinding-up
Winding--up Procedure
Winding
Cont
Cont