• Property

I have known of a few bankruptcy cases within my circle of friends. What about you? Sometimes, it’s unavoidable. Wrong place, wrong time, wrong business, wrong person we trusted. Sometimes it’s due to some unforeseen circumstances, for example, COVID or even a global financial crisis. So, do we know how does one become a bankrupt in Malaysia? Here are just a selection of 10 things to know especially the point #10 where now one can also be automatically discharged from bankruptcy with certain requirements fulfilled.