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Bankruptcy Threshold Now RM100,000

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

27-Aug-20 07:47

Bankruptcy Threshold Now RM100,000

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:  BankruptcyInsolvency ActAmendmentsRM100000DebtFinancial ServicesGovernment/Regulatory/Policy MakingEconomy, MarketsPersonal FinancePolitics, News, Current AffairsPersonal FinanceInvestmentsFinancial LiteracyPoliticsLaw and Legal MattersBusiness AnalysisTrends and ForecastsMarketsYoung FinanceSocial Issues


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