[sgbuffett]

Malaysia implemented revision to 1967 bankruptcy acts to resolve the problem of bankruptcy and hardship caused by it

The law releases 130,000 from bankruptcy per year to allow individuals and families to move on with their lives.

I know such concepts of not punishing people to the maximum is hard to accept in Singapore due to mindset. However, there is positive benefits for society to adopt such changes.

https://www.nst.com.my/news/nation/2023/...omes-force