CASE STUDY (PFM GROUP 11 )

By ezraelviana196 | Updated: March 14, 2025, 10:05 a.m.

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HELLO !
WE ARE FROM GROUP 11
DPA10203 PERSONAL FINANCIAL MANAGEMENT
GROUP MEMBER
EZRA ELVIANA JIMEK
20DSK22F2003
EVELYN ANAK VENISON
20DSK22F2009
CALVEE CLAIRE CASEEY ANDREW
20DSK22F2016
SAIDATUL HADAWIYAH BINTI TAIB
20DSK22F2014
ERIKA ANAK ALESTER ABA
20DSK22F2022
QUESTION 1 (a)
Student challenges of paying back PTPTN
 Failed to obtain work
Expensive living expanses
Irresponsible
Low salary
QUESTION 1 (b)
Steps taken by PTPTN
in order to encourage borrowers repay the loan
The implementation of PTPTN loan repayment discounts of up to 20% effective from 1 MARCH 2023 to 31 MAY 2023 covering four (4) categories as follows :
20% discount on the remaining debt for full settlement of the loan
15% discount for settlement of at least 50% of the entire outstanding debt  
15% discount for repayment through salary deduction or direct debit
5% discount for refunds via myPTPTN application
QUESTION 2
Unemployment
Reckless spending to obtain a luxurious lifestyle
It is happened because they are out of job and they will be having difficulty maintain in mortgage payment. A high unemployment rate means that there is less income to gain, no salary and they will depend only on their emergency saving.
A person individually becomes more materialistic and often creates the mentality that encourages people to try to outdo each other with expensive vehicles, larger houses and the latest fashion items.
a)Factors affecting youth bankruptcy in Malaysia
b)The implication of being bankrupt
Travel Limits
Individuals who are bankrupt not allowed to leave the country
Limited Credit
Existing bank accounts will be canceled
Employment Limits
There are certain professions in Malaysia such as lawyer , surveyors, accountants and doctors who are not allowed to work.
Confiscated Assets
After being declared bankrupt, all the assets owned by the bankrupt individual will be managed by KPI
C) The role of Credit Counseling and Debt Management Agency (AKPK ) in handling bankruptcy cases.
Refund assistance provides some relief and benefits PKS as well as banks
Avoid high legal costs if the bank takes legal action to get the debt paid
Provide an opportunity for financial institutions and PKS to seek peaceful debt recovery solutions without legal action

CASE STUDY (PFM GROUP 11 )

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