QuickCheck: Is the number of bankruptcy cases going up in Malaysia?


CONSIDERING that 18 people were declared bankrupt each day in the first five months of 2022 according to Insolvency Department statistics, it looks like the number of cases has been going up as of late.

Is there any truth to this claim?

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In True Or Not

QuickCheck: Is it true that the name "Jalur Gemilang" was only given to our flag in 1997?
QuickCheck: Are the police initiating a special operation against corruption?
QuickCheck: Did a passenger hang out of a moving car's window on a Kajang highway?
QuickCheck: Is Amoi the elephant showing signs of distress in a Japan zoo?
QuickCheck: Did a woman crash her car into Kota Kinabalu International Airport?
QuickCheck: Were plants from garden display at Melaka event taken home by visitors?
QuickCheck: Can a cannon be used as a musical instrument?
QuickCheck: Did a man try to break into an Ampang house in broad daylight?
QuickCheck: Is it true that heavy downpours can cause bee colonies to migrate?
QuickCheck: Is the govt giving a special one-off RM100 Sara payment?

Others Also Read