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Bankruptcy cases on the rise in Malaysia


KUALA LUMPUR: Most incidents of bankruptcy in Malaysia arise from the sale and purchase of vehicles, making up 26.54% of the total cases between 2007 and this year.

Minister in the Prime Minister's Department Nancy Shukri said some 33,570 Malaysians were declared bankrupt within that period after they faced problems involving vehicle sales transactions.

Government , Malaysia , bankruptcy , Parliament

   

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