Bankruptcy law and practice in malaysia, and its relevance to tax claims
This paper nakes a modest attempt to give an outline of bankruptcy and its application in Malaysia. The aim is to provide a general concept of bankruptcy law and its implications on per~n and property concerned. The Act is designed in line with the English Statute with modifications to suit loca...
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| Main Author: | |
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
2010
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| Subjects: | |
| Online Access: | http://eprints.um.edu.my/11739/1/bankruptcy_law_and_practice.pdf http://eprints.um.edu.my/11739/ |
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| Summary: | This paper nakes a modest attempt to give an outline
of bankruptcy and its application in Malaysia. The aim is to
provide a general concept of bankruptcy law and its implications
on per~n and property concerned. The Act is designed in line
with the English Statute with modifications to suit local
con~ext. There seems to be a general tendency to dismiss
bankruptcy as the end of the road because of its limitations
and psychological effect but on critical observation it will
be seen that it is not the case if the principles are understood
in conjunction with the law. There is always a light
at the end of the tunnel.
The dissertation is submitted with respect more
on an informative vein as to enable the public and private
sectors to know the rudiments of bankruptcy law and its
effect on the society and the individuals alike. In the
first part, bankruptcy practice is shown with comprehensive
insight into its application and effect while in the second,
its relevance to tax claims is briefly discussed. The
author ventures to hope that the study would help the subject
to be understood in its true spectrum. |
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