Comprehensive Legal Guide to Personal Bankruptcy in Malaysia
According to the latest statistics from the Malaysian Department of Insolvency (MDI), Malaysia’s bankruptcy cases have risen in recent years. The latest number recorded by MDI shows that a total of 34,043 individuals were declared bankrupt from the year 2019 until April 2023. This indicates a concerning trend of financial distress among Malaysians and highlights the importance of understanding the process of declaring personal bankruptcy and seeking appropriate legal advice....