Second Chance Policy

09NovNovember 9, 2024

New initiative for financially distressed companies in the works, says Azalina

KOTA TINGGI: The government is working on a new initiative to support companies facing financial distress following the recent success of the Second Chance Policy for individuals, says Datuk Seri Azalina Othman Said. The Minister in the Prime Minister's Department (Law and Institutional Reform) said that a national convention, expected to be held in early 2025,...

By De Fa WangmalaysiaAzalina Othman Said, bankrupt, Businesses, Company, Entrepreneurs, Financial Support, Insolvency Department, Second Chance Policy0 CommentsRead more...

11JunJune 11, 2024

Johor Insolvency Department to release 13,700 from bankruptcy by year-end

PENGERANG: The Johor Insolvency Department will issue certificates to some 13,700 individuals this year under the second chance policy to release them from their bankruptcy status. Its director Juanita Mohd Said stated that this follows amendments made to the Insolvency Act (Amended) 2023 (A1695), which had been enforced since Oct 6 last year. “Until May this year,...

By James Limmalaysiabankruptcy, Bankruptcy Status, Covid-19, Debt, Financial Institutions, Insolvency Act, Johor Insolvency Department, Juanita Mohd Said, Second Chance Policy0 CommentsRead more...

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