A Trip To The Insolvency Department

bankrupt

A couple of weeks ago, I had the opportunity to visit the Insolvency Department (MdI).  My friend, a bankrupt, asked me to accompany him there as he wanted to get the DGI’s (Director of Insolvency) permission for him to perform his pilgrimage to Mecca.

I learnt from the helpful staff at the department that a bankrupt will be allowed to travel overseas if he makes an application by stating his intention, reasons and the travel duration.

At The Insolvency Department

The DGI would have no problem to allow the application if the bankrupt cooperates with the MdI, duly pays the agreed monthly instalments (at least 10% of his income) and makes the application within the stipulated time period (which is, if I’m not mistaken, 14 days prior to the travel date).

The form can be downloaded HERE.

Bankruptcy

Bankruptcy is really a chain of unfortunate events.  My friend was merely a social guarantor, and his live suffered terribly because of that.  He guaranteed a personal loan application for his ex-fiancée almost a decade ago.  Their engagement didn’t last and both of them have married different people.  However, she migrated a few years back and thereafter defaulted in her payments and so he landed with the whole outstanding sum.

To make matters worse, his marriage finally broke down because of that.

Not every marriage can survive bankruptcy.

If you’re wondering how he could afford to make the trip – he saved at Tabung Haji since he was young.  He is a very nice person, and I heard that if he continues to cooperate with the MdI and follow their instructions, he could be discharged within 5 years after the date of his bankruptcy, which is actually next year!

Let’s wish him all the best in his future.

– A Trip To The Insolvency Department

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