Bankruptcies in Malaysia
Year 1999 - 79,000 cases
Year 2003 - 106,000 cases
Year 2010 - 218,561 cases
(Age is involved between the ages of 34 Years to 44 Years) (31.43 percent)
Year 2012 - 241,740 cases
The largest number of bankrupt people aged 35 to 44 years involving a total of 37,493 followed by 30,910 (45-54 years), 21,353 (25-34 years) and 14,379 (55 and above).
While the people of Malaysia under the age of 25 is about 1,617 people.
Large clusters of housing loan receivables amounted to 14,327 bankrupt, to prove the country's economy in crisis.
Based on research gathered by the credit card issuer for 2007 to 2009, there were no reported cases of bankruptcy for credit card holders aged 25 years and below, while for credit card holders aged between 26 and 30 years, the debt due to bankruptcy cases in an average of two per year.
This is a figure that must be taken by the government. Although the number of bankruptcy due to failure to pay credit card debt is recorded 4,417 cases in the past five years to May 2010.
What is the best solution? It is nothing but an open debate between Najib and Anwar must be held. In the U.S., UK and other countries, including Israel, it can have a debate between the party's top leaders.
Opposition Policy will not making Malaysia bankrupt. Education loans (PTPTN) will also be expanding rich-poor gap is already bad in Malaysia, as well as increasing the number of bankruptcy at a young age.
Car prices in Malaysia are among the highest in the world. Similarly, the properties of which are becoming increasingly price which caused home prices continued to rise. Under these conditions led many people into debt and eventually forced into bankruptcy.
Malaysia will face serious financial difficulty or go bankrupt because of extravagant spending rather than the implementation of minimum wage policy.
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