Bankruptcy Law Specialists

Are your debts out of control?  Are your creditors causing you constant stress? Filing for voluntary bankruptcy could provide the relief you need.

At PKWA Law, we specialise in guiding individuals through self-filed bankruptcy, with a proven track record of success. We offer expert guidance and fixed fees, ensuring there are no hidden costs.


Understanding Bankruptcy in Singapore

Bankruptcy can be a crucial option if you're unable to manage your debts. Before proceeding, it’s essential to understand your choices and how bankruptcy may impact you and your family. Here’s a guide to help you decide if filing for bankruptcy is the right path for you.


Bankruptcy Overview

In Singapore, individuals who owe at least S$15,000 and cannot repay it can voluntarily file for bankruptcy. Creditors can also initiate bankruptcy proceedings against a debtor through the court. Once declared bankrupt, your assets, except your HDB flat, are sold to repay creditors. Most bankruptcies are managed by the Official Assignee (OA), although substantial debts might involve a private trustee.


Why Consider Voluntary Bankruptcy?

Filing for self-bankruptcy can be a relief if:

  • You’re unable to repay your debts in full.
  • You cannot reach a repayment agreement with your creditors.
  • Once bankrupt, your debt and interest are frozen, and you will make reduced monthly repayments to the OA. Creditors can no longer sue you, providing relief from constant financial pressure.


Costs of Self-Filing

Filing for bankruptcy involves specific costs, including a $1,850 deposit to the Official Assignee and other disbursements. Our fee structure remains clear and straightforward, ensuring no unexpected expenses.


How We Assist

  • Financial Evaluation: We conduct a thorough assessment to recommend the most suitable solutions for your financial challenges.
  • Exploration of Options: We investigate all possible remedies before proceeding with bankruptcy, ensuring you understand all available alternatives.
  • Guidance Through Bankruptcy: If bankruptcy is the best choice, we provide comprehensive support through filing and management.

Contact Us

If you're considering bankruptcy or need expert advice on managing your debts, reach out to us. We’ll provide the guidance you need to navigate your financial challenges effectively. Call us today to discuss your situation and find the best solution for your needs.

Fixed, clear & transparent fees



Please get in touch to discuss your situation.
Call Us: +65 6854 5336
WhatsApp Us: +65 9090 3158

Work with an award winning team

Leading Family & Divorce Law Firm 2024

For the 8th consecutive year we were recognised by Doyles as a leading family law firm in Singapore.

Benchmark Litigation Asia Pacific 2024

For the 5th year in a row we have been named as a leading Family law firm in Benchmark Litigation 2024 awards.

Singapores Best Law Firms 2024

For the 4th consecutive year we have been listed as one of the Best Law Firms by The Straits Times.

Google Rating
Based on 591 reviews

We've consistently received positive reviews from our clients on our service and results.

Why do clients choose us?

We have over 30 years of history, and more than 100 employees. We are an established family law firm you can count on.
Our fees are fixed and affordable from the outset so that you can have peace of mind from the get-go.
We have excellent reviews and testimonials from numerous clients across various independent platforms.
Our team are consistently recognized as leading lawyers by the Straits Times, and other leading publications.
We are trusted by leading corporations such as DBS, OCBC, UOB, Maybank, HSBC, Citibank, and CPF Board.
We usually offer a free first consultation so you can make an informed decision on whether to proceed.

Meet some of our bankruptcy team

Contact Us

Call Us: +65 6854 5336
WhatsApp Us: +65 9090 3158
480 Lorong 6 Toa Payoh, #16-00, HDB Hub,
 East Wing Tower,
 Singapore 310480
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