Insolvency Dept says new public officers must undergo personal financial management programme

SHAH ALAM, June 23 — The government is aiming to discharge 200,000 individuals by year end, said Minister in the Prime Minister’s Department (Law and Institutional Reform) Datuk Seri Azalina Othman Said, with about 186,000 people having been released from bankruptcy already.

KUALA LUMPUR, March 13 — Approximately 5,272 youths below the age of 34 have been declared bankrupt from 2020 to this year, according to Youth and Sports Minister Hannah Yeoh.

WASHINGTON, Sept 18 — Tupperware, maker of the iconic plastic food containers, has filed for bankruptcy in the United States after years of financial struggles, reported the German Press Agency.

PUTRAJAYA, July 25 — The government has succeeded in surpassing the bankruptcy release target, with 142,510 cases under the Second Chance Policy, compared to the initial target of 130,000 cases, Prime Minister Datuk Seri Anwar Ibrahim said.

SAN FRANCISCO, Nov 7 — WeWork, the SoftBank Group-backed startup whose meteoric rise and fall reshaped the office sector globally, sought US bankruptcy protection on Monday after its bets on companies using more of its office-sharing space soured.

KUALA LUMPUR, May 24 — Personal loans are the main cause of bankruptcy cases in this country, with 49.22 per cent compared with other types of financial loans, said Minister in the Prime Minister’s Department (Law and Institutional Reform) Datuk Seri Azalina Othman Said.

KUALA LUMPUR, May 12 — Bank Negara Malaysia (BNM) governor Tan Sri Nor Shamsiah Mohd Yunus has denied that the increase in the overnight policy rate (OPR) has led to a rise in bankruptcies.

KUALA LUMPUR, March 28 — The number of bankruptcy cases involving entrepreneurs dropped to 5,695 last year compared to 6,554 in 2021, said Entrepreneur Development and Cooperatives Minister Datuk Ewon Benedick.

PUTRAJAYA, Feb 3 — The Insolvency Department is in the midst of drafting several amendments to the Insolvency Act 1967 (Act 360) to improve the bankruptcy administration system including the adoption of the amendments in previous bankruptcy cases.

WASHINGTON, December 27 — Twitter head Elon Musk has confirmed that the social media platform is no longer "in the fast lane to bankruptcy” reported dpa.

KUALA LUMPUR, Aug 15 — The number of bankrupt youths in the country showed a downward trend over the past three years, said Youth and Sports Deputy Minister Datuk Seri Ti Lian Ker.

KUALA LUMPUR, July 15 — The bankruptcy cases trend among individuals has been declining since 2016, including the period during which the Overnight Policy Rate (OPR) was raised in 2018, said Bank Negara Malaysia (BNM) Governor Tan Sri Nor Shamsiah Mohd Yunus.

By Jerry Choong SHAH ALAM, July 14 — The Federal government must take the necessary steps to handle the country's household debt, as an estimated 32,000 Malaysians face bankruptcy if the interest rate further increases in the coming two years, said Opposition leader Datuk Seri Anwar...

KUALA SELANGOR, July 3 — Menteri Besar Dato’ Seri Amirudin Shari has emphasised that Selangor will not go bankrupt from introducing various initiatives for the people’s welfare.

KUALA LUMPUR, June 14 — The High Court here today declared Eric Tan Kim Loong, who is alleged to be an associate of fugitive businessman Low Taek Jho or Jho Low, bankrupt after failing to pay income tax of RM68,334,219.01 to the government.

KUALA LUMPUR, Nov 17 — AirAsia Group Bhd’s 33 per cent-owned associate company in Japan, AirAsia Japan Co Ltd (AAJ), today filed for bankruptcy.

BANGKOK, Nov 6 — Thai Airways International Pcl is seeking potential buyers for 34 used Airbus SE and Boeing Co jets as part of its restructuring plan.