Almost 65k Malaysian youth declared bankrupt since 2013

KUALA LUMPUR: Some 64,632 Malaysians aged between 18 to 44 years old have been declared bankrupt over the last five years, the Parliament was told.

Minister in the Prime Minister's Department Liew Vui Keong said in a written reply that the highest cases of bankruptcy among the youth were recorded in 2014 with a total of 13,098 cases, followed by 13,036 cases in 2013, based on the statistics from the Insolvency Department.