Bankruptcy Threshold Now RM100,000

Lua Ai Siew, Lawyer, Messrs. Soo Thien Ming & Nashrah

27-Aug-20 07:47

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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.

Produced by: Sim Wie Boon

Presented by: Roshan Kanesan, Noelle Lim

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Categories: Personal Finance, Investments, Financial Literacy, Politics, Law and Legal Matters, Business Analysis, Trends and Forecasts, Markets, Young Finance, Social Issues

Tags: Bankruptcy, Insolvency Act, Amendments, RM100, 000, Debt,

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