KUALA LUMPUR: Some 37,461 individuals were declared bankrupt between 2019 and 2023, the Dewan Rakyat was told.
Minister in the Prime Minister’s Department (Law and Institutional Reforms) Datuk Seri Azalina Othman Said said the 35-44 age group recorded the highest number of bankruptcy cases at 14,476.
This was followed by the 45-54 age group (10,052), 25-34 (6,874), 55 and above (5,811), those with no age information (126) and 25 and below (122), Azalina said, based on statistics from the Insolvency Department.
“Personal loans recorded the highest number of bankruptcy cases with 18,343 followed by business loans (6,563),” the Minister said in a…
