Becoming bankrupt before 35

In it together: Distressed consumers can get financial counselling from AKPK.

PETALING JAYA: Close to 25,000 Malaysians from Gen Y, defined as those below age 35, have become bankrupts over the past five years.

Their inability to settle loans for cars, houses and personal loans or for being guarantors for other loan defaulters are the main reasons for the worrying trend.