Tag: Bankruptcy

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Can a Bankrupt Transfer Properties?

Can an individual who is declared bankrupt transfer a movable property (for example, shares) to another person? This issue is dealt with in Yui Chin Song & Ors v Lee Ming Chai & Ors. While the case dealt with other matters of law, we will be solely focusing on the above issue in this article.  …
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February 25, 2020 0

To Bankrupt a Social Guarantor

If you decided to become a social guarantor for another person in order for them to obtain a loan from a creditor (usually a bank), can the creditor commence bankruptcy proceedings against you if the person fails to settle the loan with the creditor?   Who is a social guarantor Under section 2 of the Insolvency …
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November 29, 2019 0

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