Surge in self-declared bankruptcies raises concerns in Malaysia, insolvency chief warns | Malaysia
THE growing trend of individuals voluntarily declaring themselves bankrupt in Malaysia has become a significant concern, reflecting the financial struggles many are facing in the country. In a recent statement, Director-General of the Insolvency Department Datuk M Bakri Abd Majid revealed a sharp 200 percent increase in self-declared bankruptcy cases over the past year. In…