The amendments came into effect on 6 October 2017. You may wonder what the difference is between being insolvent and being bankrupt.
Bankruptcy In Malaysia A Reality Check Infographic Bankruptcy Reality Check
In Indonesia Malaysia and Thailand the non-bank private sector shares were as high as 67 per cent 57 per cent and 59 per cent respectively Table 6.
. Before we look at bankruptcy in Malaysia it is essential to know that the old Bankruptcy Act of 1967 was amended by the Bankruptcy Amendment Act of 2017 BAA 2017 It is now known as the Insolvency Act 1967. The increase in the availability of capital enabled the expansion of loans for private spending particularly in real estate and motor cars creating a price bubble for these sectors.
Bankruptcy In Malaysia A Reality Check Infographic Bankruptcy Reality Check
