Our Services
Personal Insolvency
Personal Insolvency
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Personal insolvency is also known as bankruptcy and in Singapore is operated under the auspices of the Insolvency, Restructuring and Dissolution Act 2018 (‘IRDA’), which was introduced to unify some of the facets of corporate and personal insolvency.
Bankruptcy can either be voluntary or involuntary. We can act as a nominee to assist our clients to pre-emptively avoid bankruptcy proceedings and to negotiate a voluntary agreement.
Alternatively, we act as a Private Trustee in Bankruptcy to administer the bankruptcy of an individual’s insolvency and to deal with creditors applications and the courts.
