Alhamdulillah all praise to Allah SWT for his bounty and mercy that I have been given the strength and ease in carrying out the task which has been entrusted to me in Malaysian Department of Insolvency (MdI). Indeed, this trust is not an easy responsibility to be carried out.
As we have already known, the year 2020 has given a new challenge for all. Starting from the early month of March 2020, the country has been surprised with the spread of COVID-19 and the implementation of Movement Control Order (MCO). It has given an impact to life and we have learnt to cultivate a new norm. Various efforts have been taken to ensure works keep going despite of the pandemic. Among others, efforts of MdI in helping the bankrupts and the stakeholders throughout the pandemic and further support the intention of the government to facilitate the affairs of the rakyat are as follows:
(a) grant an automatic suspension (moratorium) for six (6) months for the bankrupt’s monthly installment;
(b) facilitate the bankrupt’s application to open account for the purpose of receiving salary, i-Lestari and Bantuan Prihatin Nasional;
(c) to operate an Operational Room and Call Centre throughout the period of MCO to answer questions and provide explanations to bankrupts;
(d) implement and introduce payment via online for the petitioner’s deposit, monthly installment and bankruptcy/winding-up search result through e-Insolvency portal; and
(e) take initiative to add a payment medium for MdI by implementing the payment service through debit card and credit card terminal at payment counter at headquarter and 21 branches of MdI.
MdI is aware of the direct impact of the pandemic COVID-19 which can lead to the increase rate of bankruptcy cases among rakyat. Therefore, action has been taken through the involvement of MdI in enacting the Temporary Measures for Reducing the Impact of Coronavirus Disease 2019 (COVID-19) Act 2020 [Act 829]. Modifications to the Insolvency Act 1967 has been made through Sections 19, 20 and 21 in Part VII Act 829.
Section 20 provided the modifications to the amount of indebtedness to RM100,000.00. Part VII Act 829 will remain in force until 31 August 2021. Other than that, MdI has also involved in the enactment of the amendment to Insolvency Act 1967 [Act 360]. Insolvency (Amendment) Act 2020 [Act A1624] has amended section 5 Act 360 which replaced the amount of indebtedness from RM50,000.00 to RM100,000.00. Act A1624 will be in force on 1 September 2021.
I pray that hopefully the pandemic of COVID-19 which is plaguing the country will soon be over and we will all be kept away from any misfortune. In undergoing the year of 2021, I am sure that we all hope for a better state for the country. Therefore, let us keep praying and adhere to the standard operational procedure which has been imposed in our daily life to prevent the transmission of COVID-19. May we able to face this year with a new spirit and strength.
I would like to take this opportunity to welcome all visitors who visits the MdI’s website. Hopefully this website is able to provide the needed information and facilitate the affairs that need to be done. Thank you to all visitors, and even to all MdI’s clients who have been always understanding and patient with MdI. I welcome any comments and suggestions from all parties to improve the delivery service to all visitors.
Lastly, let us pray together to Allah SWT to ease all affairs this year and thank you once again to all visitors of this website.
"MdI Is Always Proactive"
Dato' Anita Binti Harun
Director General of Insolvency
Malaysian Department of Insolvency