How the New Bankruptcy Amendment Act Will Affect Existing Bankruptcy Matters

The new Bankruptcy Amendment Act 2017 has received Royal Assent on 10 May. The amendments will come into force once the Minister gazettes the effective date. In an earlier post, I have highlighted the 10 major changes we will see under these bankruptcy amendments.

As at early May 2017, it was reported that there are around 292,000 Malaysians declared bankrupt. How will the new bankruptcy law affect these existing individuals and will it make it easier for them to achieve a discharge of bankruptcy? I analyse the new law and explain why the amendments may have limited effect on existing bankruptcy cases.

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New book coming up!

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Following the publication of my first book — “Law For Startups: What You Need to Know When Starting a Business” in January 2017 — I’m delighted to announce that I’ve just agreed a publishing contract for a second book with the same publisher, MPH Group Publishing.

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