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← Insolvency Act 1967

Insolvency Act 1967 s 107

Insolvency Act 1967 s 107

Some sections could not be extracted from the official PDF, so this text may be incomplete.

s 107 Wage-earner

(1) In this part “wage-earner” means a person who is or has been employed on a salary or wage of an amount as may be prescribed excluding any temporary allowance and whose other income, if any, exclusive of any pension he may receive, does not exceed the amount as may be prescribed and does not arise from any trade or business in the management of which he takes any part. (2) If on examination of a judgment debtor in the High Court or in a Sessions Court or Magistrates Court it appears to such Court— (i) that the debtor is a wage-earner; and (ii) that he is indebted to more than one creditor; and (iii) that none of his debts or other liabilities was contracted in any trade or business in the management of which the debtor took part; and (iv) that his liabilities exceed the probable amount of his income during the ensuing six months, such Court shall, unless cause to the contrary be shown, instead of making any order for the payment of the judgment debt or for the committal of the debtor, order the debtor to attend before the Director General of Insolvency and also report the matter to the Director General of Insolvency.

Malay text (authoritative)

Penyiasatan petisyen

Read this section in the full act → · Open Part VI →

Find Act 360 on lom.agc.gov.my ↗

Text as at 6 October 2023 (LOM reprint); amendments made after that date may not be incorporated.

Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).

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