Bankruptcy Threshold Now RM100,000

Morning Run · Morning Brief · 27 Aug 2020 · 07:47 am · 10 mins listen

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

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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Bankruptcy Threshold Now RM100,000

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Bankruptcy Threshold Now RM100,000