Insolvency D-G warns Malaysians of rising self-declared bankruptcy cases, up 200pc in 2024

PUTRAJAYA, March 30 — The rising trend of individuals declaring bankruptcy voluntarily is becoming a growing concern, signaling that many are struggling with severe financial difficulties. In recent years, more people have opted to declare themselves bankrupt through a Debtor’s Petition, a legal process filed in court to protect themselves from excessive creditor claims. Expressing…

Why Social Security Cannot Go Bankrupt

390742 05: A protester demonstrates against a Bush administration plan to add private investment … More accounts to Social Security, June 18, 2001 in New York City moments after U.S. Treasury Secretary Paul O”Neill addressed a luncheon given by the Coalition for American Financial Security. (Photo by Spencer Platt/Getty Images) Getty Images The belief that…