In 2016 alone, a whopping number of 294,000 Malaysians were involved in bankruptcy cases, which is shocking to say the least. To most people, the thought of being bankrupt is remote and only occurs during a bad game of Monopoly. A bankrupt person is usually perceived as either a spendthrift or someone who is horrendous at keeping tabs on his or her expenditures. Sadly, the problem of bankruptcy is more prevalent than people realise and may affect anyone regardless of their age or income. For the record, majority of bankrupts come from the age group of 25-44 years. Being declared bankrupt is bad enough, but worse is how most people are in the dark about what comes after.