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AUTOMATIC DISCHARGE FOR BANKRUPTCY

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asked on Jan 21, 2018 at 02:21
by   Malaysian Citizen
As a share link message below. Did somebody successful apply on these discharge? I very confuse with mentioned on (b) for the new laws of Insolvency Act 1967. What a bankruptcy must follow to apply on these discharge?

Automatic Discharge
The Amendment Act introduces provisions for an automatic discharge of a bankrupt upon the expiry of three years from the date of submission of the statement of affairs by the bankrupt if he has: (a) achieved an amount of target contribution of his provable debt; and (b) complied with the requirement to render an account of moneys and property to the DGI.
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answered on Jan 25, 2018 at 21:44
by   guest
I think it only applicable for the people who bankrupt after the ammend and gazette of the new act only can get that right?

if you bankrupt before the new ammendment of the act was gazette, then still stuck to old act la..
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