A total of 187,652 Malaysians with debts not exceeding RM200,000 have been discharged from bankruptcy between March 2023 and June of this year, according to Deputy Minister in the Prime Minister’s Department (Law and Institutional Reform) M. Kulasegaran.
Kulasegaran, speaking in the Dewan Rakyat today, confirmed that this figure includes a significant number of individuals aged 40 and below.
He highlighted this achievement as “clear proof of the Madani government’s commitment to implementing reforms that have a direct impact on the people.” The deputy minister was responding to a question from Rodziah Ismail (PH-Ampang), who had inquired about the number of young people under 40 who had been cleared of bankruptcy under the new debt limit.
Kulasegaran emphasized that the government’s “strategic and inclusive approach” under the Madani agenda not only relieves the burden of debt but also “restores dignity and gives fresh hope to rebuild lives.”
“The government has high hopes that this second chance will provide them with a renewed lease of life and enable them to carry on with their daily lives, in line with the Malaysia Madani agenda, which emphasizes the concept of compassion (ihsan) for all through acts of human empowerment,” he said.
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