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 Multiple Signs of Malaysia Property Bubble V20

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aacow
post Apr 25 2019, 11:32 PM

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QUOTE(Angelic Layer @ Apr 25 2019, 08:59 PM)
There is no automatic discharge from bankruptcy in Malaysia, say you bankrupt for 15-20 years, 600-700k, something like 2000 per month worth to do so?
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wut ? brancrupt forever ?
aacow
post Apr 27 2019, 11:00 AM

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QUOTE(Angelic Layer @ Apr 26 2019, 12:46 AM)
You can discharge 5 years after and you submit an application to discharge if you satisfied:
- achieves the target contribution for their debts
- declare their liabilities to Malaysia Department of Insolvency.

If target contribution not met, or there are others bantah, you bankrupt forever.
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Oh noooo...brancrupt forever is quite a horrible place to be

 

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