KUALA LUMPUR: The number of bankruptcy cases involving entrepreneurs dropped to 5,695 last year compared to 6,554 in 2021, said Entrepreneur Development and Cooperatives Minister Datuk Ewon Benedick.
He said this was following the amendment to paragraph 5(1)(a) of the Insolvency Act 1967 (Act 360) through the Insolvency (Amendment) Act 2020 (Act A1624), which raised the bankruptcy threshold to RM100,000.
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