According to the insolvency department, the total number of bankruptcy cases in Malaysia from 2018 to last December stands at 49,133, the primary causes of which include non-payment of personal and business loans.
Indeed, financial difficulties owing to job losses, medical emergencies, or business failures can lead to debts that spiral out of control. As such, debt management is crucial to help you avoid financial instability, stress, and the problems caused by excessive or unmanageable liabilities.
People who are in debt may feel overwhelmed and stressed, which negatively impacts physical and mental health. In addition, debt restricts financial freedom, limits …
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