15. Whether a bankrupt is allowed to deal with his assets himself?

A bankrupt is not allowed to deal with his property as provided under section 8(1)(b) of the Insolvency Act 1967 because all of his assets and unsecured property will be vested to DGI. Therefore, any transactions and dealings of his properties can only be made through the DGI except for Malay Reserved land whereby a bankrupt has the power to realize the property and the proceeds from it shall be given to the DGI. For secured property, the bankrupt shall himself deal with the secured creditor. A bankrupt is also not allowed to enter into any dealings or transactions which involve financial borrowing and selling.