Budget 2024: Second chance policy on bankruptcy expanded, says PM


KUALA LUMPUR: In line with its approach to protecting the people’s welfare, the Madani government will next year expand the Second Chance Policy on bankruptcy to those aged 40 and below who have debts not exceeding RM200,000.

Prime Minister Datuk Seri Anwar Ibrahim said as of July this year, almost 14,000 cases with small debts of below RM50,000 had been discharged from bankruptcy.

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