CHAPTER 11 is the filing for bankruptcy by corporations in the US to protect them from litigation from lenders. There has been some talk in the US for this law to be further enhanced for individuals in debt.
Perhaps a similar case needs to be made for Malaysia, particularly a review of the Bankruptcy Act 1967.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!