Saturday 1 December 2012

Reprieve for bankrupts - PM Datuk Seri Najib

KUALA LUMPUR: Laws will be reviewed to help those declared bankrupts through no fault of theirs to get back on their feet again.

Prime Minister Datuk Seri Najib Tun Razak said the procedures used in declaring one a bankrupt would be changed to prevent innocent people from being victimised.
“Sometimes, people are declared bankrupt although it is not their fault; like when they become guarantors to others who take up loans,” he said in his winding-up speech at the Umno general assembly here.    Full Story :  Reprieve for bankrupts

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