Discharge Of Charge Process In Malaysia

However it can only be made if 5 years has lapsed from the date the bankruptcy order was made and some criteria imposed by the dgi in order to discharge the bankrupt.

Discharge of charge process in malaysia. Local company rm50 00. Contact us today. The scale fee for attending to a discharge of charge is rm300. Discharge of charge for property from the bank in malaysia posted on april 1 2020 by nadzirah binti abdul razak lapochik discharge of charge is a process to redeem the original title from the bank upon the settlement of the housing loan with the financier.

Foreign company rm150 00 if late fee for late lodgement needs to be included. The legal fee for the discharge of charge has been raised from rm200 to rm300 an increase of rm100. However if the discharge of charge involves more than one title an additional sum of rm50 is payable for each additional title to be discharged. You have to apply for a discharge and the discharge must be approved by the high court.

Documents that are in order will be registered and the certificate for discharge of charges will be issued. So if you guys have any questions just call us at 6012 6946746. To apply for bankruptcy discharge you have to pay all the proof of debts pod filed with jim jim fees. There is no such thing as automatic discharge.

Only one charge number to be discharge per set of documents registration fee. By way of discharge by the dgi the bankrupt can make an application to the dgi for a discharge under section 33a of the insolvency act 1967.