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.

固定、清晰且透明的收费

Bankruptcy

From$1,990

Please get in touch to discuss your situation.
电话联系: +65 6854 5336
在 WhatsApp 上联系我们: +65 9090 3158

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我们和服务和成绩一直荣获客户的积极评价。

为什么客户先择我们

我们拥有30多年的经验,拥有100多名员工。我们是一家值得信赖的老字号律师所。
我们的费用固定,并且实惠,让客户高枕无忧。
我们在很多独立平台上受到客户的好评和推荐。
我的的团队一直被《海峡时报》和其他领先出版物评为领先律师团队。
我们荣获星展银行,华侨银行,大华银行,汇丰银行,花旗银行,公积金局等领先企业的信赖。
我们通常会提供免费的首次咨询,以便您是否继续进行做出明智决定。

认识我们的 bankruptcy 团队

联系我们

电话联系: +65 6854 5336
在 WhatsApp 上联系我们: +65 9090 3158
邮件联系: enquiry@pkwalaw.com
地址:
480 Lorong 6 Toa Payoh, #16-00, HDB Hub,
 East Wing Tower,
 Singapore 310480
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