Tag: bankruptcy malaysia
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Bankruptcy in Malaysia. How much unpaid debt before one is declared a bankrupt?
Recently, I read this news article in malaymail.com. “Tengku Razaleigh claims bankruptcy levels rising due to Covid-19 pandemic.” Former finance minister Tengku Razaleigh Hamzah today urged the government to take the socio-economic impact of the Covid-19 pandemic seriously. He said, “I have recently received news that the bankruptcy cases have increased from hundreds to 100,000.”…
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Bankruptcy before property, not after property, perhaps.
Youths aged 25 and below, 579 of them were declared bankrupt within the first 6 months of this year (2014). In many major dailies today, bankruptcy was a popular topic. In fact majority of the online medias has it as well. There were some comments from the online readers that the cause of this was…