Culture of loan default
Culture of loan default

A household in which expenses exceed income is inevitably forced into debt. A country is no differentonly larger in population and territory. Mahathir Mohamad once said that any nation that lags in finance, education, culture, or technology will inevitably fall under the influence of a more...

Writs no longer a loophole to escape loan default
Writs no longer a loophole to escape loan default

Evading loan repayment through court injunctions or stays is becoming much harder for defaulters. Filing a writ petition will no longer be straightforward, and borrowers may now have to bear extra costs ranging from 6 to 30 percent of the loan amount. If a borrower wants to file a writ by...