Bankruptcy and Property Ownership

Salam w.b.t and hello folks.

How are you doing? Hopefully you are in a great shape and having a fantastic time in doing whatever you are doing :)

Alright, in this entry, I would like to share an article I read from The Star Newspaper entitled, "Bankruptcy and Property Ownership". I found this article very interesting and informative for people, particularly my generation, Gen-Y.

Taken from The Star newspaper

I can see that many young people who just started working, earned money, then eagerly buy properties. Properties can range from house, car, land, and so forth. Well, there is nothing wrong with that as it is individual's right. Unfortunately, at the same time the percentage of young people who are being declared as bankrupt also erupt like never before. This situation is quite alarming as a young people, there is a long way to go in life.

Therefore, it is a good step to learn beforehand on what can someone do if he/she got into this situation. Well, hopefully we will not have to encounter this horrible situation in our lifetime but with this knowledge, maybe we could help someone who experiences this circumstance.

Alright, I hope this little knowledge would shade some light for those who seek it and also spark the interest to explore more on this matter.

Salam w.b.t and take care!
 

P/S - I am also in the state of learning the financial thingy although my brain keep refusing to digest the knowledge.