Director-general Datuk Abdul Rahman Putra Taha said there were multiple factors that contributed to the trend, but singled out that many of them just wanted to “start their own life”. At the same time, Abdul Rahman said Bank Negara Malaysia (BNM) was making huge efforts to ensure it would not be so easy for the young to obtain credit cards. In response, he said the department was committed to ensuring that the Government meets its target, especially with the Voluntary Arrangement under the Insolvency Act 1967. However, the Government is pushing to slash the number of people being declared bankrupt to just about 4,000 to 5,000 cases per year. “As long as they fulfil the payment within the period, we will release their names,” said Abdul Rahman.

Source: The Star December 12, 2017 23:03 UTC