In the revised Budget 2023, Prime Minister Dato’ Sri Anwar Ibrahim said that people who were declared bankrupt deserved a second chance and announced several measures that would provide a lifeline to those who find themselves in these unwanted circumstances. We speak to Linnet Lee, CEO of Financial Planning Association of Malaysia to understand why the rise in bankruptcy cases and what are the possible solutions for this issue.

Image credit: Shutterstock

Produced by: Sim Wie Boon

Presented by: Wong Shou Ning, Shazana Mokhtar

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Categories:  government,  Law/Activism

Tags:  bankruptcy,  budget 2023,  institutional reforms,