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 only.
Image via Mikail Ong/New Straits Times
Among the states, Selangor recorded the highest number of new cases at 1,570, followed by Wilayah Persekutuan (904), Johor Bahru (577), and Kota Kinabalu, Sabah (447).
Selangor also has the highest cumulative number of bankruptcies to date, with 19,226 cases, followed by Kuala Lumpur (14,181) and Penang (13,620).