Dear Bro & Sis Lawyers,
Sorry to barge in on any current discussion, but i got a case which i really need help. Really hope dear bro & sis lawyers could share your expertise and guide me.
I was referred by a lowyat member onto this thread after i've posted my question on Finance, Business and Investment House. Previous Thread
Anyhow, my relative is sued for bankruptcy on year 2009 (he is still not bankrupt at the moment, but blacklisted), he transferred his property (own house) to his sister in the same year 2009. I've heard that the official assignees or government have the power to take back the property of the bankrupt (even after transferred or sold to third party). Is it true?
Also, there is a duration of 2/5 years, why is there 2 different durations?
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Feb 7 2012, 01:59 PM
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