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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Tags:  Bankruptcy,  Insolvency Act,  Amendments,  RM100,  000,  Debt,  Financial Services,  Government/Regulatory/Policy Making,  Economy, Markets,  Personal Finance,  Politics, News, Current Affairs,  Personal Finance,  Investments,  Financial Literacy,  Politics,  Law and Legal Matters,  Business Analysis,  Trends and Forecasts,  Markets,  Young Finance,  Social Issues