Knowledge Base Issues
Can interest be charged on debts of a bankrupt? Will interest on debts be written off in bankruptcy?
Interest on debts will not be written off in bankruptcy. A creditor can only claim interest on your debt up to the date of the bankruptcy order but they will not get interest on their claim...
Is a bankrupt eligible to receive inheritance? What's the impact of bankruptcy on EPF savings withdrawal and property ownership?
Circumstances have changed after you are being adjudged a bankrupt. Bankruptcy will affect your day-to-day finances. You have a duty to let the Director General of Insolvency 3 know of any of the...
Annulment and Discharge of Bankruptcy
There are three main ways as to how a bankrupt can have his bankruptcy terminated: (a) Making an application in court at any time for the bankruptcy order to be annulled on grounds ie debt has...
What is bankruptcy? What can't a bankrupt do? What are the restrictions during bankruptcy?
Bankruptcy is a legal process to deal with debts that you are unable to settle as and when they fall due. The bankruptcy proceedings provide relief from excessive debts and pressures of creditors...
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