She said the amendments are intended to improve the country’s management of the bankruptcy system.

“The amendments are in line with the policy to help bankrupts find a way out of their situation and give them a second chance to strengthen their financial position and contribute to the country’s economy,” Azalina said in a statement.

The amendments include the use of information technology to help administer insolvency cases, the introduction of debtors’ meetings, and improving the automatic discharge of bankruptcy cases, among others.

It also recommended a valuation review on properties owned by bankrupts, so that the property value can be exempted from distribution to creditors.

Azalina said the bill will be tabled for its second reading later this week.