Bankruptcy amnesty for those under 40 with less than RM200k debt

BUDGET 2024 | The Second Chance Policy on bankruptcy amnesty will be extended next year to young people aged 40 and under who have debts not exceeding RM200,000.

Prime Minister Anwar Ibrahim announced this while presenting Budget 2024 in Parliament today.

“As of July, almost 14,000 bankruptcy cases with small debts of below RM50,000 have been...