‘Be smart in man­ag­ing money’

New Straits Times - - News -

IPOH: Be­ing a bank­rupt for al­most 30 years, Wong Chek Wah, 81, hopes that his predica­ment will serve as a les­son to others.

“Life was hard. My friends left me and all I had was my own fam­ily. Don’t splurge on un­nec­es­sary things and be smart in man­ag­ing your money,” he said.

The fa­ther of three, how­ever, was on the cloud nine yes­ter­day af­ter he re­ceived a clear­ance cer­tifi­cate from In­sol­vency De­part­ment di­rec­tor-gen­eral Datuk Ab­dul Rah­man Pu­tra Taha.

“No words can de­scribe how happy I am. Af­ter 30 years, now I can live with­out fear, fear of peo­ple’s per­cep­tion. What hap­pened to me should be a les­son to all out there.

“I was a con­trac­tor and kept think­ing of hav­ing a lot of projects. I was so greedy and this prompted me to ap­ply for sev­eral loans. I was de­clared a bank­rupt for fail­ing to set­tle my debts.

“I had to move out and rented a small room for my fam­ily. My wife had to work to sup­port our chil­dren.”

Wong was one of two re­cip­i­ents who re­ceived the cer­tifi­cates from Perak In­sol­vency De­part­ment di­rec­tor He­zlin Haldi here yes­ter­day.

“Some 6,000 Per­akians from Gen Y, de­fined as those un­der 35, have be­come bank­rupt over the past five years.

“As of last year, 749 in­di­vid­u­als have been dis­charged from bank­ruptcy,” He­zlin said.

PIC BY L. MAN­I­MARAN

Perak In­sol­vency De­part­ment di­rec­tor He­zlin Haldi (right) pre­sent­ing the cer­tifi­cates to Wong Chek Wah (cen­tre) and Hew Kim Yew in Ipoh yes­ter­day.

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