Bankruptcy Act 1967
The Bankruptcy Act 1967 (Malay: Akta Kebankrapan 1967), is a Malaysian laws which enacted relating to the law of bankruptcy.
| Bankruptcy Act 1967 | |
|---|---|
 | |
| Parliament of Malaysia | |
| |
| Citation | Act 360 |
| Territorial extent | Throughout Malaysia |
| Enacted by | Dewan Rakyat |
| Passed | 26 August 1967 |
| Enacted | 1967 (Act 55 of 1967) Revised: 1988 (Act 360 w.e.f. 31 December 1988) |
| Enacted by | Dewan Negara |
| Passed | 29 August 1967 |
| Effective | 30 September 1967 |
| Legislative history | |
| Bill introduced in the Dewan Rakyat | Bankruptcy Bill 1967 |
| Introduced by | Abdul Rahman Ya'kub, Minister of Lands and Mines and Minister of Justice |
| First reading | 21 August 1967 |
| Second reading | 26 August 1967 |
| Third reading | 26 August 1967 |
| Bill introduced in the Dewan Negara | Bankruptcy Bill 1967 |
| Introduced by | Athi Nahappan, Senator |
| First reading | 28 August 1967 |
| Second reading | 29 August 1967 |
| Third reading | 29 August 1967 |
| Amended by | |
| Malaysia Currency (Ringgit) Act 1975 [Act 160] Bankruptcy (Amendment) Act 1976 [Act A364] Subordinate Courts (Amendment) Act 1987 [Act A671] Bankruptcy (Amendment) Act 1988 [Act A710] Bankruptcy (Amendment) Act 1992 [Act A827] Bankruptcy (Amendment) Act 1998 [Act A1035] Bankruptcy (Amendment) Act 2003 [Act A1197] | |
| Related legislation | |
| Bankruptcy Ordinance of Sarawak [Sarawak Cap. 46] Insolvency Ordinance of Sabah [Sabah Cap. 62] | |
| Status: In force | |
Structure
The Bankruptcy Act 1967, in its current form (1 January 2006), consists of 8 Parts containing 139 sections and 3 schedules (including 7 amendments).
- Preliminary
- Interpretation
- Part I: Proceedings from Act of Bankruptcy to Discharge
- Acts of Bankruptcy
- Receiving Order
- Proceedings consequent on Receiving Order
- Public Examination of Debtor
- Composition or Scheme of Arrangement
- Adjudication of Bankruptcy
- Control over Person and Property of Debtor
- Discharge of Bankrupt
- Part II: Disqualification and Disabilities of Bankrupt
- Undischarged Bankrupt
- Part III: Administration of Property
- Proof of Debts
- Property Available for Payment of Debts
- Effect of Bankruptcy on Antecedent Transactions
- Realization of Property
- Distribution of Property
- Part IV: Director General of Insolvency
- Appointment
- Duties
- Costs
- Receipts, Payments, Accounts, Audit
- Release
- Official Name
- Vacation of Office on Insolvency
- Additional Powers
- Control
- Part V: Constitution, Procedure and Powers of Court
- Jurisdiction
- Appeals
- Procedure
- Annulment of Adjudication
- Part VI: Small Bankruptcies
- Part VII: Fraudulent Debtors and Creditors
- Part VIII: Supplemental Provisions
- Application of Act
- General Rules
- Fees
- Evidence
- Notices
- Formal Defects
- Stamp Duty
- Corporations, Firms and Mentally Disordered Persons
- Unclaimed Funds or Dividends
- Debtor’s Books
- Repeals and Special Provisions
- Schedules
See also
References
External links
- Bankruptcy Act 1967
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