BANGKOK (Reuters): Authorities in Thailand charged a 14-year-old boy with premeditated murder and illegal possession of a firearm on Wednesday (Oct 4) after a shooting spree at a Bangkok mall using what police said was a modified pistol intended to fire blanks.
PETALING JAYA: The Insolvency Act 2023 will come into force on Friday , says Datuk Seri Azalina Othman Said.
"The main amendment strengthens the provision on bankruptcy release, Section 33C Act 360. It helps bankrupts be released from insolvency within three to five years from submitting their details. She said the two categories are the bankrupts who can't manage their personal affairs due to mental illness according to the Mental Health Act 2001 and those who are 70 years and above, who, according to the discretion of the Insolvency Department director-general, are not able to contribute to their bankruptcy administration."The second chance policy aims to release 130,000 bankrupts a year after the amendment to Act A1695 comes into force.
Azlina added that to safeguard the welfare of the bankrupt, the Act also assess the value of assets exempted from being divided by creditors and the value for the case to be qualified for summary management.
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