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Nation

Dewan Rakyat passes amendments to Insolvency Act, bankruptcy threshold now RM100k from RM50k previously

By MARTIN CARVALHO, HEMANANTHANI SIVANANDAM and RAHIMY RAHIM

KUALA LUMUR: The Dewan Rakyat passed amendments to the Insolvency Act to increase the bankruptcy threshold from RM50,000 to RM100,000.

The Insolvency (Amendment) Bill 2020 was passed with a simple voice vote in the House.

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 Dewan Rakyat , Insolvency Act , Bankruptcy threshold , Passed

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