Raise the bar for self-declared bankruptcy, govt urged

The insolvency department said 330 people declared themselves bankrupt last year, almost double the number the previous year. (Selangor Insolvency Department pic) PETALING JAYA: Financial planners have called for a minimum debt level to be imposed for Malaysians who wish to declare themselves bankrupt. The lack of such a threshold allows those with even small…

Growing trend in self-declared bankruptcy cases, says DG

Insolvency department director-general Bakri Abd Majid said the government is reviewing the debtor’s petition process to prevent potential misuse, as it does not have a set debt threshold. (Bernama pic) PETALING JAYA: There is a growing trend among Malaysians to voluntarily declare themselves as bankrupt, according to insolvency department director-general Bakri Abd Majid. He revealed…

Solving ATO debt & winning clients for life

At de Jonge Read, we work for the directors, focusing on protecting their interests and the future. And the best part, there’s nothing to lose by speaking with us to explore the right path for your client. We sit down with clients, have a look at their situation, determine what options are available to them,…

Trevor Sinclair Hit With Bankruptcy Over Tax Debt

Former England footballer Trevor Sinclair has been declared bankrupt after failing to pay more than £36,000 in unpaid taxes and penalties tied to his media work from 2021 to 2022. The 51-year-old, who played for clubs like Queens Park Rangers, West Ham, and Manchester City, was issued the bankruptcy order at Central London County Court.…