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Bankruptcy Threshold Now RM100,000

Bankruptcy Threshold Now RM100,000

Morning Brief

August 27, 202010m 22s

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Show Notes

The Insolvency (Amendment) Bill 2020 was passed to increase the minimum bankruptcy threshold from RM50,000 to RM100,000 for debts owed. Lua Ai Siew, a lawyer at Messrs. Soo Thien Ming & Nashrah helps us understand the impact of these amendments.

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Topics

Financial ServicesGovernment/Regulatory/Policy MakingEconomyMarketsPersonal FinancePoliticsNewsCurrent AffairsBankruptcyInsolvency ActAmendmentsRM100000Debt