{"id":5289,"date":"2013-05-23T15:47:49","date_gmt":"2013-05-23T07:47:49","guid":{"rendered":"http:\/\/www.imoney.my\/articles\/?p=5289"},"modified":"2021-10-14T12:50:52","modified_gmt":"2021-10-14T04:50:52","slug":"bankruptcy","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/bankruptcy","title":{"rendered":"Bankruptcy In Malaysia – A Reality Check [Infographic]"},"content":{"rendered":"

To most folks in Malaysia, \u201cbankruptcy\u201d is a term synonymous with \u201chaving no money\u201d \u2013 used commonly to describe a situation where a person has exhausted his monetary resources and has next to nothing to survive on.<\/span><\/p>\n

In reality, however, bankruptcy is something that is far more serious than simply having no money to survive the month. It is a status declared by a court order, which effectively eliminates certain rights that we take for granted every day. And despite common perception, you do not need to owe millions to be bankrupt; you can be one with just a debt of RM30,001.<\/span><\/p>\n

In this infographic, iMoney shows you what bankruptcy is, how it affects a person, and what the true scenario is when it comes to bankruptcies in Malaysia.<\/span><\/p>\n

Find out how you can avoid being part of the nation’s bankruptcy statistics by keeping away from making these eight common money mistakes<\/a>.<\/strong><\/h3>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

iMoney presents an infographic about reasons of bankruptcy in Malaysia and ways to avoid it.<\/p>\n","protected":false},"author":1,"featured_media":9157,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[31,218],"tags":[],"class_list":["post-5289","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographic","category-money-management"],"acf":[],"yoast_head":"\nBankruptcy in Malaysia - A Reality Check (Infographic)<\/title>\n<meta name=\"description\" content=\"iMoney presents an infographic about reasons of bankruptcy in Malaysia and ways to avoid it.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.imoney.my\/articles\/bankruptcy\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bankruptcy in Malaysia - 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