Thanks to e-Insolvency, you can now identify individuals and firms on the verge of bankruptcy.

DO YOU know whether you have been declared as a bankrupt? How sure are you that your company is not on the verge of bankruptcy? With the help of e-Insolvency, you can worry no more about being insolvent or in debt because you can easily settle outstanding payments and avoid being declared as a bankrupt.

The Insolvency Department of Malaysia is committed towards achieving excellence in improving service efficiency and keeping up with the move towards online services. For that reason, e-Insolvency was established.

With the convenience of e-Insolvency, you won’t need to travel all the way to the headquarters at Putrajaya just to check on your bankruptcy status. e-Insolvency was established for the convenience of the public where time spent travelling and queuing up can be a thing of the past.

This online service is hassle-free as individuals can check their bankruptcy status in the comfort of their own home.

The purpose of the e-Insolvency project is to facilitate individuals in checking their bankruptcy status and company’s liquidation status via the Internet through e-Insolvency’s portals.

Bankruptcy Status Inquiry is a service that enables an individual to enquire on their bankruptcy status whereas Liquidation Status Inquiry is a service that allows a company to check on its bankruptcy status.

Partnership Bankruptcy Status Inquiry is currently not available online as it is only available at the Insolvency Department of Malaysia Headquarters in Putrajaya.

Believe it or not, there are some who may not realise that they themselves or even their own company are on the verge of bankruptcy.

With the help of e-Insolvency and a just a few clicks on the website, your bankruptcy status can be shown on your desktop in a matter of seconds. You can also print a receipt copy for your convenience.

Note that the Insolvency Department is responsible to print all original certificates requested via e-Insolvency’s portals. Nonetheless, if you wish to acquire the certificate, there are several ways where you can obtain it:

  • CERTIFICATES to be delivered straight to your home/office address;
  • COLLECT from the Insolvency Department of Malaysia Headquarters at Putrajaya;
  • COLLECT from the branches of Insolvency Department of Malaysia. Individuals are advised to present the online receipt copy at Insolvency Department of Malaysia counters as proof of transaction.According to Jaafar Jama’an, director of Information Technology of Legal Affairs Division, Prime Minister’s Department, the highest total paid search conducted through e-Insolvency was in March this year, with a total of 75,421 searches.”Ever since this project was implemented in 2005, the amount of searches has been increasing. 89.2% searches conducted were individual bankruptcy status whereas 10.8% were searches of company’s liquidation status,” says Jaafar.Individuals are able to check their bankruptcy status based on case numbers by keying in their name and identity card number. On the contrary, it is vital for individuals to check for spelling errors, as this is a common mistake people make when conducting searches.

    “Search results may turn out to be invalid due to typos and this is a very common problem among users when conducting a search.

    “Hence, we have future plans to curb this problem by making searches simpler where individuals are only required to key in their IC number. Consequently, there will be less room for mistakes,” adds Jaafar.

    It is understandable that problems do occur, especially when it comes to utilising modern technologies. So far, the problems that crop up are non-updated cases and individuals experiencing a slow system server.

    “When there’s technology involved, system glitches are unavoidable but we have anticipated these problems in advance.

    “Thus, we have set up helpdesks to attend to these problems and settle it immediately,” says Datuk Ahmadi Haji Asnawi, Director-General Insolvency Department Malaysia, PM’s Department.

    As e-Insolvency continues to improve its system, Insolvency Department of Malaysia has a number of impending plans to upgrade the system and efforts to create a more efficient system are currently in the process.

    “At present, individuals can only print a receipt copy (draft form) of their search results, due to security reasons. However, we are in the midst of planning to expand this service that enables individuals to print the original certificate through the web portals,” says Datuk Abdullah Sani Abdul Hamid, Director-General, Legal Affairs Division, PM’s Department.

    “Hopefully by the end of this year, all plans for e-Insolvency will come into place so that the public can enjoy and make full use of this user-friendly service,” adds Abdullah Sani.

    The e-Insolvency project commenced on Sept 19, 2005 and was officially launched on Oct 3 in the same year at Shangri-La, Putrajaya, by Datuk M. Kayveas, Deputy Minister in the Prime Minister’s Department.

    They are several helpdesks available for the public to pose enquiries. Whether you require further details on payment, opening a pre-paid account, the servicing helpdesks are more than happy to assist you.

  • To conduct a search, individuals are encouraged to register with the service providers appointed by the Government like www.myeg.com.my, www.e-services.com.my or www.rilek.com.my. You can also visit these websites to gather more information on e-Insolvency. Alternatively, log on to Legal Affairs Division’s official website at www.bheuu.gov.my.Source of : The Star