Letter of Demand – Taking Legal Action to Collect your Debts
Are you thinking of what to do next when you have exhaustively chased a customer, and there’s no sign of him repaying back a debt in the near future?If yes, …
Debt Service Ratio
If you have been to a bank to apply for a loan to start your business, you might have noticed that before granting you the loan the banker will do…
What Is The Legal Process In Malaysia For Debt Recovery?
Let's face the hard truth. Debt recovery can sometimes be really messy!! The whole process of debt recovery is unique and totally dependent on the situation. If you are a…
Debt Consolidation in Malaysia: How Does It Work?
With the rise in living costs and the allure of easy credit, many young Malaysians find themselves juggling several high-interest debts. They are increasingly burdened with debt, with a significant…
Debt Counselling in Malaysia
Being in debt is the last thing any Malaysian wants in their list. By the end of June 2019, the household debt in Malaysia reached 82.2%. This was one of…
A Creditor’s Guide To Bankruptcy Proceedings In Malaysia
Upon obtaining a judgement against an individual debtor, bankruptcy proceedings under the Insolvency Act 1967 and Insolvency Rules 2017 are, as the kids say, the ‘final boss’ of legal debt…
Debt Collection Law in Malaysia
Debt collection is legal in Malaysia and governed by several laws that regulate debt recovery and enforcement practices. Bank Negara Malaysia has laid down a set of fair guidelines to…
Proof of Debt
It is a nightmare for a creditor to know that the company they have financed is being liquidated!Malaysia is a country full of potential. From innovative technology firms, well-developed infrastructure…
Debt Restructuring and Corporate Rescue in Malaysia – Covid-19 Crisis Updates 2020
The head of IMF Kristalina Georgieva warned that the coronavirus pandemic will turn global economic growth "sharply negative" this year. The coronavirus outbreak is one of the greatest human tragedies…
Liquidation – What You Need to Know
New business ventures hit the market each year and each one of them hopes to reach the limelight. Sadly very few survive battling the fierce competition in the market. It…