All the properties shall vest on the DGI except properties listed under seksyen 48(1)(a) of the Insolvency Act 1967. This includes the tools of his trade and the necessary wearing apparel and bedding and other like necessaries of himself, his wife and children to a value not exceeding RM 5,000.00. All properties which are vested on the DGI will be realized and the proceeds shall be distributed amongst creditors whom debt has been admitted by the DGI.
Level 2-3, Legal Affairs Building, Presint 3, Federal Government Administrative Centre 62692 Putrajaya
Tel : 03-8885 1000 Fax : 03-8885 1303
E-mel : webmaster at mdi dot gov dot my
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- Last Updated:18 April 2024.