4 days ago
187,652 individuals with debts get second chance
KUALA LUMPUR: At least 187,652 individuals with debts not exceeding RM200,000 have been freed from a life of bankruptcy from March 2023 until June 2025 as part of the government's Second Chance Policy, says M. Kulasegaran.
The Deputy Minister in the Prime Minister's Department (Law and Institutional Reform) said this included young adults under the age of 40.
'This achievement is proof of the government's push to implement reforms that deliver direct impact to the people.
'Through this effort, we have not just freed the people from the burden of debt, we have also helped to restore their self-worth, giving them a new chapter in life,' he said during the Ministry Question Time in Parliament yesterday.
Kulasegaran said the government hopes this move will serve as a fresh start for Malaysians to move forward in their daily lives.
'It aims to provide a second chance to those in the early and mid stages of their careers, who are important assets to the nation, so they can recover and actively contribute again to the family and national economy,' he added.
