What is the Debt Repayment Scheme? | Credit Counselling Singapore
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When faced with debts, is it paw-sible to apply for the Debt Repayment Scheme? What are some options for debtors? Follow us more bite-sized information on the law. | Ministry of Law, Singapore
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What is Debt Repayment Scheme?🤔
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Managing debt can be daunting and overwhelming, but you are not alone. #DidYouKnow that the Debt Repayment Scheme (DRS), launched in 2009, provides debtors a structured approach to repay their debts and avoid bankruptcy? It is important to note that debtors cannot apply for DRS. The case has to be referred by the High Court after the debtor is a subject of a bankruptcy application. The Official Assignee will then assess the debtor’s eligibility and suitability for the DRS. Watch the video to fin
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