Bankruptcy Threshold Now RM100,000 | I3investor

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Bankruptcy Threshold Now RM100,000

Tan KW

Publish date: Thu, 27 Aug 2020, 02:41 PM

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.

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