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Category: ABCs of Personal Finance

bankruptcy in Malaysia
ABCs of Personal Finance

Bankruptcy in Malaysia during the MCO period. 10k declared bankrupt, high or low?

Bankruptcy in Malaysia: Over 10,000 declared bankrupt during MCO period. This MCO period was stated to be between March 2020 to July 2021. This is around 17 months. If we divide this into a monthly basis, that’s 10,000 divided by 17 months and we come to 588 per month or slightly higher than 7,000 bankrupt declarations per year. Is this considered high or low?

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