Bankruptcy and Insolvency Law

Insolvency Singapore | Skan Law

Bankruptcy is where the debtor is publicly recognised to be insolvent. A person is declared bankrupt on the order of the High Court if he is unable to pay his debts of at least $10,000.00. Bankruptcy lawyers represent creditors and debtors in bankruptcy cases and other matters involving financially distressed transactions.We are able to for example assess and give an indication as to whether an individual may be eligible for a debt repayment scheme [DRS] for debtors who have debts less than $100,000.00 as opposed to being made a bankrupt.