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Bankruptcy

A bankrupt is someone who has officially declared that he cannot pay what he owes. In Malaysia, the minimum amount of outstanding debt amount to initiate bankruptcy is RM30,000.


Malaysia’s bankruptcy law is based on English law and comes under the Bankruptcy Act 1967.


e-Insolvency is a service provided by the Insolvency Department of Malaysia. The purpose of the e-Insolvency project is to facilitate individuals in checking their bankruptcy status and company's liquidation status via the Internet through e-Insolvency portals. To conduct a search, individuals are encouraged to register with the service providers appointed by the Government like www.myeg.com.my, www.e-services.com.my or www.rilek.com.my.


Click here for further information on bankruptcy. 

Bankruptcy.htm
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