PETALING JAYA: Selangor has emerged as the state with the highest number of bankruptcies among civil servants, with teachers identified as a particularly vulnerable group. According to the Insolvency Department, 85 teachers in the state were declared bankrupt over the last five years. The scale of the issue extends beyond educators; between 2021 and 2025, a total of 687 civil servants in Selangor were declared insolvent. National Union of the Teaching Profession secretary-general Fouzi Singon said teachers are often targeted for scams or peer-pressured into bad investments. Licensed financial planner Gunaseelan Kannan said many teachers belong to the “sandwich generation”, supporting both ageing parents and growing children simultaneously.

Source: The Star February 28, 2026 10:39 UTC