ARTICLE · 13 JANUARY 2021

Debt Recovery In Malaysia

MahWengKwai & Associates

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The COVID-19 pandemic will undoubtedly have a significant and long-term impact on the Malaysian and global economy.

MalaysiaInsolvency/Bankruptcy/Re-Structuring

The COVID-19 pandemic will undoubtedly have a significant and long-term impact on the Malaysian and global economy. Many individuals as well as businesses in Malaysia have been and will be severely affected, resulting in individuals, sole proprietors, partnerships and companies being unable to meet their debts. On the other hand, many are facing debt recovery issues as debtors will delay outstanding payment due to the economic effects of the pandemic.

As a creditor, how can you recover a debt from your debtors and how effective will that recovery process be?

Debt recovery is a process of recovering debts from individuals, businesses or companies in the event they refuse or fail to pay their debts.

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