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    "id": 575457,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/575457/?format=api",
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    "content": "provide more flesh to the Bill, and say it is even better we provide a report, or even a certificate, to confirm that that company, or entity is not bankrupt. It was just a suggestion, hon. Temporary Deputy Speaker. I am also pleased with the contents of this Bill on the time taken. You have realised a situation where some directors in a company conspire to sell their assets and just to say deliberately that this company is bankrupt, and maybe charge cheaper prices for the property of that company. So, after a company has been declared bankrupt, the same directors will come later to buy the assets of that company. So, this Bill will actually prevent such behaviour by the directors, because it will have laid down procedures and conditions that confirm, or affirm, that a company is actually bankrupt. I support because this Bill takes care of that. The other thing that I have seen in this Bill is that it will provide dignity, respect and sustainability of most of the companies and individuals. This is because once this process has been undertaken fairly, any company in this nation will not actually be frustrated; we will have the right measures taken for the sustainability of companies. Most of them have really suffered. They will be eligible to get financial support from any financial institution, or legal entity in the nation. Without belabouring the point, I really support this Bill and I urge my fellow hon. Members to support it. This is because it also gives Kenya and this Parliament assurance that we are taking care of the companies, or individuals, so that they cannot be misused. Thank you."
}