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Can RUMAWIP Buyer Risk Bankruptcy?

The story of an owner who purchased a house under the RUMAWIP program “Residensi Kepongmas 2” for RM 240,000, faced challenges with mortgage payments leading to the house being auctioned by the bank, but ultimately turned the situation around by making a profit when the house was bid up to RM 302,000, is a truly hard to believe! With the amendment to the Insolvency Act in 2020, the bankruptcy threshold in Malaysia is currently set at RM100,000. Can a RUMAWIP buyer bankrupt?

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