Growing trend in self-declared bankruptcy cases, says DG – MSN
Growing trend in self-declared bankruptcy cases, says DG MSN Read the original article here
Growing trend in self-declared bankruptcy cases, says DG MSN Read the original article here
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PUTRAJAYA: The rising trend of people declaring themselves bankrupt is a concern as it shows many are struggling with severe financial difficulties, says the Insolvency Department director-general Datuk M. Bakri Abd Majid. In recent years, more people have opted to declare themselves bankrupt through a Debtor’s Petition, a legal process to protect themselves from excessive…
Insolvency DG warns of rising trend in self-declared bankruptcy The Malaysian Reserve Read the original article here
“To date, there isn’t much evidence that Breakthrough Victoria will move the dial in a significant way, and there is a good argument for the funding to be redirected towards polices that more effectively achieve that outcome.” Shiffman, a tech investor and start-up founder, said that rather than using taxpayer money to take equity stakes…
(Bloomberg) — Bankrupt genetic testing firm 23andMe Holding Co. won permission from a judge to try to sell information about customers’ medical and ancestry-related data, a trove that is considered the most valuable asset in the insolvency case — and has become a source of privacy and safety concerns amid the company’s collapse. Most Read…
Business conglomerate Vedanta Group has shown interest in acquiring Jaiprakash Associates Ltd (JAL) through an insolvency process, according to sources. Jaypee Group’s flagship firm JAL, which is into cement, power, hotels, construction and real estate businesses, has been admitted into the corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016, through an order…
THE growing trend of individuals voluntarily declaring themselves bankrupt in Malaysia has become a significant concern, reflecting the financial struggles many are facing in the country. In a recent statement, Director-General of the Insolvency Department Datuk M Bakri Abd Majid revealed a sharp 200 percent increase in self-declared bankruptcy cases over the past year. In…
Insolvency DG Warns Of Rising Trend In Self-declared Bankruptcy BERNAMA Read the original article here
Insolvency DG Warns Of Rising Trend In Self-declared Bankruptcy BERNAMA Read the original article here