Over 253,000 bankruptcy discharges recorded since 2023, govt plans higher threshold | TheStarTV.com

Over 253,000 bankruptcy discharges recorded since 2023, govt plans higher threshold

Published on 26 Oct 2026 2:59:41 PM

The government recorded 253,457 bankruptcy discharges from 2023 to September 2026 and plans to raise the bankruptcy threshold from RM100,000 to RM150,000 to reduce bankruptcy risks.

Minister in the Prime Minister's Department (Law and Institutional Reform) Datuk Seri Azalina Othman Said told the Dewan Rakyat on Monday (Oct 26) that the government is also targeting faster discharges through an online fast-track programme, with processing times expected to fall below 36 days in 2027.

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Keywords
dewan rakyat, parliament, azalina othman said, bankruptcy, threshold, news, thestartv, the star, government, bankruptcy threshold

The government recorded 253,457 bankruptcy discharges from 2023 to September 2026 and plans to raise the bankruptcy threshold from RM100,000 to RM150,000 to reduce bankruptcy risks.

Minister in the Prime Minister's Department (Law and Institutional Reform) Datuk Seri Azalina Othman Said told the Dewan Rakyat on Monday (Oct 26) that the government is also targeting faster discharges through an online fast-track programme, with processing times expected to fall below 36 days in 2027.

Read more at https://shorturl.at/zcWWb

WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline

Keywords:
dewan rakyat, parliament, azalina othman said, bankruptcy, threshold, news, thestartv, the star, government, bankruptcy threshold

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