Insolvency Dept submits proposal to improve Act 360 - minister

Amendment to Section 33C of the Insolvency Act (Act 360) in regard to automatic discharge from bankruptcy after three years is among the proposals submitted by the Insolvency Department to the government to improve the law.

Minister in the Prime Minister’s Department (Parliament and Law) Wan Junaidi Tuanku Jaafar said the proposed amendment was to help more bankrupt people get out of bankruptcy after three years.