The pursuit of a lavish lifestyle, combined with poor financial management and high personal loans, has contributed to the spike in bankruptcy cases among young people in Terengganu. KUALA TERENGGANU: The pursuit of a lavish lifestyle, combined with poor financial management and high personal loans, has contributed to the spike in bankruptcy cases among young people in Terengganu. According to Utusan Malaysia, statistics from the Malaysian Insolvency Department (MDI) show that 340 cases over the past five years were linked to personal loans. "The number of young people involved in bankruptcy cases is also increasing from year to year," she explained. The total number of bankruptcy cases in Terengganu rose from 135 cases in 2021 to 260 cases last year.

Source: New Strait Times March 16, 2026 07:41 UTC