AS OF April, 241,740 individuals were declared bankrupt, said Finance Deputy Minister Datuk Donald Lim Siang Chai.
He said, 52,917 of the cases were in Selangor, and 42,843 in the
Federal Territory, adding that 70 per cent of the total number of cases
involved men.
Of the number, he said the highest involved car loans at 25.21 per
cent, followed by personal loans (13.15 per cent), house loans (12.31
per cent), business loans (11.26 per cent) and credit card (4.9 per
cent).
Lim was speaking to reporters at the Parliament lobby here today.
He said Prime Minister Datuk Seri Najib Tun Razak's recent
announcement that the government would review the Bankruptcy Act 1967
which was regarded as too stringent and a burden to the people, was
timely.
"I support the proposal. I hope with the amendment, banks or
financial institutions would look for the borrower first, instead of
going after the guarantor and declare them bankrupt," he added.
Lim said a study should also be carried out on the rise in bankruptcy
cases involving car loans, and on the increase in the number of young
bankrupts.
"Bankrupts aged below 25 are on the increase...we do not want them to
go bankrupt after working for merely two to three years. The conditions
for a discharge ought to be relaxed to enable young individuals who had
been declared bankrupt to have a second chance, particularly in
business," said the deputy minister. -- Bernama
2 comments:
YIP KUM FOOK (LAWYER) DOING DIRTY FOR MCA
Kepada ahli-ahli MCA seluruh Malaysia,
Ketua MCA Gombak YIP KUM FOOK (lawyer) semasa menjadi Majlis tempatan Selayang Baru sentiasa mengguna kuasanya tipu orang ramai khasnya wanita dan rasuah.
Namanya sangat buruk di tempat Kepong, Gombak, Rawang, Selayang dan lain-lain tempat.
Harap ahli-ahli MCA berhati-hati orang yang berlidah buaya supaya tidak terkena perangkap dan rosakan nama yang baik MCA.
To MCA members whole Malaysia,
Chief YIP KUM FOOK Gombak MCA (lawyer) during his local council of Selayang always used his powers to cheated the public, especially women and corruption.
His name is very bad in Kepong, Gombak, Rawang, Selayang and other places.
Hope MCA members must be careful crocodile’s tongue and people are not exposed to trap and spoil of good name for MCA.
马来西亚马华党员，
Ketua MCA Gombak叶金福(律师）在他当士拉央市议员， 他用权力欺骗公众，特别是妇女和贪污。
在甲洞，Gombak，万挠，士拉央和其他地方，他的名声是非常糟糕的。
希望马华党员必须小心, 鳄鱼舌头的人. 保护马华公会的好名声
MCA MEMBERS OF MALAYSIA
http://margeemar.blogspot.com/2011/01/pro-umno-mca-is-anti-buddhist.html?commentPage=7
YIP KUM FOOK (MCA GOMBAK) BERCAKAP BOHONG DAN TIPU WANG RAKYAT
KUALA LUMPUR: The Chinese community has been won over by Barisan Nasional's ability to maintain stability, peace and harmony.
Unlike the opposition coalition, BN component parties stay united and learn from their mistakes to become stronger and well prepared for the election, said MCA Gombak chief Datuk Yip Kam Fook.
He said the Chinese community's support for the BN now is different from what it was in 2008.
"Back then they wanted change and they gave the opposition a chance, but the quickly regretted their decision as their representatives did not do anything for them.
"They see oppositionleaders bickering with each other and coming up with conflicting statements", said Yip during a 1Malaysia dinner organised by MCA Kampung Kuala Ampang in Hulu Klang last night.
More than 2,000 people cheered when Gombak parliamentary seat candidate Datuk Dr Rahman Ismail and Hulu Klang state candidate Rahim Kamarudin walked into the tent, accompanied by Yip.
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