Effective 06.10.2017
The New (Amendments) Bankruptcy Act
Now become "Insolvency Act 1967"
#Threshold from RM30k increased to RM50k.
#Guarantor, social guarantor will NO longer become "bankrupt".
#Discharge become automatic, if conditions are met.
https://themalaysianlawyer.com/2016/11/22/the-new-bankruptcy-bill-malaysia/
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