Personal loans remain the leading cause of bankruptcy among Malaysians Statistics from the Insolvency Department show that 2,944 Malaysians fell into bankruptcy last year due to personal loans, up from 2,776 cases the year before. Between 2021 and 2025, personal loans accounted for 13,900 cases, or 47% of all bankruptcies. Image for illustration purposes only…
Follow us on Instagram, TikTok, and WhatsApp for the latest stories and breaking news. Personal loans remain the leading cause of bankruptcy among Malaysians Statistics from the Insolvency Department show that 2,944 Malaysians fell into bankruptcy last year due to personal loans, up from 2,776 cases the year before. Between 2021 and 2025, personal loans accounted for 13,900 cases,…
Almost 7,000 Malaysians were declared bankrupt last year alone, continuing an upward trend that increasingly affects young adults and women The latest cases bring the total number of bankruptcies to 100,467. The Insolvency Department recorded 6,776 new bankruptcies in 2025, an increase of nearly 1,000 from the 5,977 cases in 2024. Image for illustration purposes…
Almost 7,000 Malaysians were declared bankrupt last year alone, continuing an upward trend that increasingly affects young adults and women The latest cases bring the total number of bankruptcies to 100,467. The Insolvency Department recorded 6,776 new bankruptcies in 2025, an increase of nearly 1,000 from the 5,977 cases in 2024. Image for illustration purposes…
Follow us on Instagram, TikTok, and WhatsApp for the latest stories and breaking news. Almost 7,000 Malaysians were declared bankrupt last year alone, continuing an upward trend that increasingly affects young adults and women The latest cases bring the total number of bankruptcies to 100,467. The Insolvency Department recorded 6,776 new bankruptcies in 2025, an increase of nearly 1,000…
2 min readNew DelhiFeb 5, 2026 05:57 AM IST The Centre on Wednesday told the Supreme Court that it is “seriously considering” looking at the alleged misuse of proceedings under The Insolvency and Bankruptcy Code, 2016, by companies facing insolvency. Solicitor General Tushar Mehta conveyed this to a three-judge bench presided by Chief Justice of…
Hyderabad: BRS working president KT Rama Rao has alleged that an insolvent company, KLSR Infratech Ltd, was awarded nearly 6,000 crore worth of contracts by the Congress govt. He said the company got contracts in Jal Jeevan Mission, Young India residential schools construction, irrigation projects and road development projects.Speaking at a press conference at Telangana…
The joint-stock company “Maroqand,” which caused a great stir in the fintech market of Uzbekistan, was officially declared insolvent. According to the decision of the Tashkent Interdistrict Economic Court dated February 2, 2026, liquidation proceedings have begun for this company, which owned the popular payment system UPay. This event is seen as a logical continuation…
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Special court discharges DHFL in Rs 5,050 crore money laundering case, citing immunity under IBC. Individuals still liable. Mumbai, Feb 4 (PTI) A special court in Mumbai has discharged now defunct Dewan Housing Finance Corp Ltd (DHFL) in a Rs 5,050 crore money laundering case, ruling the company under new management is entitled to statutory…