SANCO

Insolvency

About Insolvency

Comprehensive Legal Support for Insolvency and Bankruptcy Matters

Syed Alwi, Ng & Co. provides expert legal services in insolvency and bankruptcy proceedings, offering tailored solutions for both creditors and debtors involved in financial distress. Insolvency is a critical area of law that arises when businesses or individuals can no longer meet their financial obligations. Our legal team is well-versed in all aspects of insolvency law, ensuring that the process is handled efficiently and in accordance with the law. Whether acting on behalf of creditors seeking to recover debts or debtors facing bankruptcy, we provide clear legal guidance and representation throughout the entire process.

Bankruptcy proceedings are initiated when an individual is unable to settle debts owed to creditors. In Malaysia, a creditor may present a bankruptcy petition against a debtor when the outstanding debt is RM100,000 or above. Once an individual is adjudged bankrupt, all assets belonging to the bankrupt are liquidated, with the proceeds distributed among the creditors. Our legal team has extensive experience representing both judgment creditors and judgment debtors in bankruptcy proceedings, helping clients navigate this challenging process with confidence and clarity.

In addition to bankruptcy proceedings, our firm also advises on company insolvency, including liquidation, receiverships, and winding-up petitions. We work closely with businesses facing financial difficulties to explore all possible solutions, including restructuring, debt recovery, and voluntary arrangements. At Syed Alwi, Ng & Co., our goal is to provide practical, results-oriented solutions that protect the interests of our clients and help them navigate financial challenges with the least possible disruption.

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