Nancy Shukri: 'Individuals who are declared bankrupt should come forward and seek help from MdI'

KUALA LUMPUR: A total of 6,741 Sarawakians were declared bankrupt between 2010 and Oct 31 this year, the Dewan Negara was told yesterday.
Minister in the Prime Minister's Department Nancy Shukri said from the total, 2,371 of them are between the age of 35 and 44 years old.
"1,983 cases or 29.42% involved those aged between 25 and 34 years old, and 1,08 cases (23.85%) are between 45 and 54 years old," she said.
Nancy added that of the total figure, 4,986 individuals or 73.97% are male.
She also pointed out that during the same period, there were some 25,764 youths aged between 25 and 34 years old who declared themselves bankrupt.
"Some of the main reasons for bankruptcy includes the lack of knowledge in proper financial planning.
"Hence, the Insolvency Department (MdI) has carried out various programmes to create awareness among the public on insolvency, " she said in reply to Senator Datuk Khairudin Samad.
She said that aside from carrying out outreach programmes in public agencies and private sectors, the government through Credit Counselling and Debt Management Agency (AKPK) also carried out programmes to bring awareness on insolvency and proper financial management.
"Those with financial problems should not run away or disappear, as this does not solve the problem.
"I call on these individuals who are declared bankrupt to come forward and seek help from MdI to solve their problems," Nancy said.