'Allow bankrupts to keep first home'
Published on: Wednesday, April 23, 2014
Putra Jaya: The proposal to allow bankrupt individuals to keep their first house and not auction it off is among the suggestions for the amendment of the Bankruptcy Act 1967, said Minister in Prime Minister's Department Nancy Shukri. She said it would be one way for the Malaysian Department of Insolvency (MdI) to carry out its social responsibility to help those in dire need. Stay up-to-date by following Daily Express’s Telegram channel.
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"If they have only one house, where will they go if it's auctioned," she told a press conference here Tuesday.
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Earlier on she had presented the 2013 Excellent Service awards to 142 recipients from the Legal Affairs Division and Legal Aid Department as well as souvenirs to MdI retirees. - Bernama