Bankruptcy Amendment Act 2017

2 this act comes into operation on a date to be appointed by.

Bankruptcy amendment act 2017. 2 this act comes into operation on a date to be appointed by the minister by notification in the gazette and the minister may appoint different dates for the coming into operation of different provisions of this act. B 466 2017 dated 3 october 2017 these amendments will come into force on 6 october 2017. Available act of bankruptcy means any act of bankruptcy available for a bankruptcy petition at the date of the presentation of the petition on which the bankruptcy order is made. Out of the eight amendments only one came into effect retrospectively that is section 33b 2a of the insolvency act 1967 act 360.

On 21 november 2016 the new bankruptcy amendment bill 2016 was tabled in parliament for its first reading. The new bankruptcy amendment act will bring about. 1 this act may be cited as the bankruptcy amendment act 2017. B 466 2017 dated 3 october 2017 these amendments will come into force on 6 october 2017.

Takiyuddin said that now the government has again tabled proposals to amend section 5 of act 360 to raise the minimum bankruptcy threshold from rm50 000 to rm100 000 and thus make the act more. On 21 november 2016 the new bankruptcy amendment bill 2016 was tabled in parliament for its first reading. The amendments will come into force once the minister gazettes the effective date. It has now been passed as the bankruptcy amendment act 2017 and received royal assent on 10 may 2017 by way of the gazette notification p u.

Amends the bankruptcy act 1966 to. Enacted by the parliament of malaysia as follows. The new bankruptcy amendment act will bring about. The new bankruptcy amendment act 2017 has received royal assent on 10 may.

1 this act may be cited as the bankruptcy amendment act 2017. Provide that ceasing income contributions to a trustee in an earlier bankruptcy in the event of a second bankruptcy does not limit the ability of the trustee in the later bankruptcy to. Note see sections 4 and 5 of the bankruptcy amendment act 2017 act a1534. It has now been passed as the bankruptcy amendment act 2017 and received royal assent on 10 may 2017 by way of the gazette notification p u.

The following act of parliament received the assent of the president on the 18th january 2018 and is hereby published for general information the insolvency and bankruptcy code amendment act 2017. 8 of 2018 18th january 2018 an act to amend the insolvency and bankruptcy code 2016. In an earlier post i have highlighted the 10 major changes we will see under these bankruptcy amendments. Provide that where a bankrupt becomes a bankrupt again the income contribution obligations and contribution assessment period for the first bankruptcy will cease.