Azalina described the bill as a reform to provide for a fairer system for social guarantors. Picture by Choo Choy MayKUALA LUMPUR, March 29 The Bankruptcy (Amendment) Bill 2016, which among others, protects social guarantors from being declared bankrupt, was passed by Parliament today.
Minister in the Prime Ministers Department Datuk Seri Azalina Othman Said described the bill as a reform to provide for a fairer system for social guarantors.
This is because when we look at the definition of social guarantors, they are not guarantors who are profit oriented, but they stood as guarantors for study loans, research grants, she said when winding up the debate on the b…
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