How To Undertake A Bankruptcy Search In Malaysia
What is the bankruptcy process for an individual in Malaysia?
Malaysian personal bankruptcy is a process where a debtor is declared bankrupt pursuant to an Adjudication Order made by the Malaysian High Court when he/ she is unable to pay his/ her debts.
The court can make a bankruptcy order under the Insolvency Act after receiving a bankruptcy petition from a creditor or the debtor themselves. The Court will appoint the Director-General of Insolvency (DGI) who will administer and oversee repayment of the outstanding debts.
There is no automatic discharge from bankruptcy in Malaysia. The Court or the DGI only can discharge the debtor, subject to any creditor’s objection.
A Malaysian bankruptcy search is therefore an essential part of the estate administration process for anyone distributing funds to individuals living in Malaysia as it reduces the chances of being legally and/or professionally accountable for wrongful distribution.
Do not hesitate contact International Bankruptcy Searches today to order a bankruptcy search in Malaysia.
How do you check if someone is bankrupt in Malaysia?
International Bankruptcy Searches regularly conducts bankruptcy searches in Malaysia on behalf of lawyers and executors.
You can order a search of the Malaysian bankruptcy register via our website and we will provide you with a report to confirm whether the individual is subject to bankruptcy proceedings in Malaysia.
You will need to provide the following information for the person you wish to search:
Full name
Date of Birth
Residential Address Including Postcode and State
See our dedicated page for more information about making a Malaysian Bankruptcy Search including prices and timescales.