New govt policy speeds up bankruptcy discharge for four groups


BERNAMApic

PUTRAJAYA: The government has introduced a Second Chance Fast Track Policy as an express pathway to expedite the bankruptcy discharge mechanism for four target groups.

Minister in the Prime Minister’s Department (Law and Institutional Reform) Datuk Seri Azalina Othman Said (pic) said the groups are: single parents; microloan entrepreneurs; financial fraud or scam victims; and housing loan borrowers affected by abandoned projects.

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