Knowledge Base Issues
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...
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...
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...
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