Tag: bankruptcy in Malaysia
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Bankruptcy in Malaysia during the MCO period. 10k declared bankrupt, high or low?
Bankruptcy in Malaysia: Over 10,000 declared bankrupt during MCO period. This MCO period was stated to be between March 2020 to July 2021. This is around 17 months. If we divide this into a monthly basis, that’s 10,000 divided by 17 months and we come to 588 per month or slightly higher than 7,000 bankrupt…
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Malaysians in debt. Red alert. Serious action please.
Malaysians in debt is an issue which is becoming very serious. A long time ago, bankruptcy cases used to be about businesses ventures which failed. These days, majority of everyone who’s working and could qualify for a credit card would have a credit card. A credit card could be a status symbol (e.g, classic, gold,…
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Bankruptcy in Malaysia: The usual Questions and Answers
Do you know about bankruptcy in Malaysia? Many people asked me if auction properties are usually because the owner became a bankrupt. Simple answer is, NO. It is not necessary the case. In fact these days Public Auction for Owners (PAO) are slowly becoming common. We will visit this in future. Coming back to a…