Kenyans unable to repay their debts can apply for bankruptcy protection through the Business Registration Service (BRS), a legal process designed to help debtors resolve financial obligations while protecting the interests of creditors. Once declared bankrupt, a trustee is appointed to manage the individual’s assets and oversee the distribution of proceeds to creditors under the
According to Business Registration Service, the economy of Kenya is facing vulnerability due to money laundering. This gradual change has been impacted by construction of industries serving as the biggest hotspot of reported cases. Business Registration Service data shows that the industry sector accounts for around 56.50% of the reported cases, therefore it highlights drastic
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