PUTRAJAYA (Feb 16): The government has introduced the "Second Chance Fast Track Policy" aimed at providing an express pathway and expediting the discharge mechanism for four targeted groups of bankrupt individuals. The four target groups eligible under the policy are single parents; microloan entrepreneurs; victims of financial fraud (scammers); and housing loan borrowers affected by abandoned housing projects. “This Fast Track initiative is not merely a rebranding exercise. Azalina said the Second Chance Fast Track Policy Discharge Programme was founded on a clear principle within the Malaysia Madani Framework, namely care and compassion. Azalina also said that MdI successfully resolved 176,851 bankruptcy discharge cases in 2024 and 204,487 discharge cases last year.

Source: The Edge Markets February 16, 2026 07:37 UTC