Reports by MARTIN CARVALHO, HEMANANTHANI SIVANANDAM, RAHIMY RAHIM and LOSHANA K SHAGAR
MALAYSIANS numbering 64,632 have been declared bankrupt in the last five years, the House was told.
Minister in the Prime Ministers Department Datuk Liew Vui Keong said in a written reply that the highest bankruptcy cases among the individuals, aged between 18 and 44, were recorded in 2014 with a total of 13,098 people, followed by 13,036 in 2013 based on statistics from the Insolvency Department.
In 2015, a total of 11,277 people were declared bankrupt, and the total increased slightly to 11,875 in 2016, he said.
The figure stood at 11,106 last year, and 4,240 up till April this year, he said in response to Mohd Shahar Abdullah (BN-Abdullah), wh…
Read the full article at: https://www.thestar.com.my/news/nation/2018/08/16/almost-65000-msians-declared-bankrupt-in-last-five-years-says-liew/
