PETALING JAYA:
There is a growing trend among Malaysians to voluntarily declare themselves as bankrupt, according to insolvency department director-general Bakri Abd Majid.
He revealed that self-declared bankruptcy cases surged to 330 last year compared with 181 recorded in 2023 and 116 in 2022, Bernama reported.
Bakri said it is a sign that many people are struggling with severe financial difficulties.
“We’re seeing a rise in individuals declaring bankruptcy because they feel they cannot repay their debts.
“Some borrowers may…
