Personal Bankruptcy Guidance

Bankruptcy is not the end of the road, and it is not always the right road either. Before anything is filed we look at the whole picture: what you owe, to whom, what you earn, and what alternatives are genuinely open to you. For some clients the Debt Repayment Scheme or a Voluntary Arrangement is the better answer, and we will tell you so.

If bankruptcy is the right route, we handle the process with you rather than at you. That means obtaining the written consent of a licensed Insolvency Practitioner to act as your Private Trustee in Bankruptcy, preparing your Statement of Affairs accurately, and making sure the forms and affidavits are correct before they reach the Service Bureau.

What's included

• Full review of your debts, income and assets
• Honest comparison against DRS and Voluntary Arrangement
• Consent and appointment of a licensed Private Trustee (PTIB)
• Preparation of your Statement of Affairs and supporting affidavits
• Guidance through filing and the Official Assignee interview

Who this is for

• You owe at least S$15,000 and cannot realistically repay it
• Creditors have begun legal action or issued a statutory demand
• You want a clear, honest read on whether bankruptcy is right for you